Accounting Exercises: Journal Entries, Financial Statements, Bank Reconciliation

日 July 65 Inventory Accounts pay July 8 2 , 500 2 able Sales returns and allowances w0 Inventory wo Cose of goods sold July 24 Sales oo 北 discounts cash Accounts receivable 500 o Accounts receivable 18 , 21 254 2 , 300 July 1 o Accounts receivable 700 Imentory 12 sales reeurns and allowances 1700 100 1 oo Accounts receivable ㄧ江 In ventory cost 19 1 o 0 of goods sold Sales discounts cash A ccounts rneceivable wo ㄧ 2 588 600 一一一 Insurance prepard 1 oo Expense 100 Insurance 2 Supphes Expense 1000 1 000 supplies Expense 政 pense Depreciatron Equipment Accumulated Depreciation Eqwpment wo zwo - Unearned Service Revenue Service Revenue 4 , 000 4 . 000 Salaries and Wages Expense August 31 August 800 Salaries and Wages Payable 1 250 Inerest Expense Inerest 3 ㄧ 800 Poyable Accounts Receivable Unearned bervice 街 Revemve Servive Revenue 250 1 . 100 1 . 100 Seatement Revenues 凹 14 . 200 service Revenve 800 pent Revenue 15. 000 Toeal Revenues Eapenses S & W Expense kene 6apense Deprecweion fapense supptres Ffpence Ueitities Eareue Inlenese fapensr Total Eapence Nee Inome 日工一 Income 些9 , 400 1 , 500 8 50 200 5l 0 √ 50 12 , 510 幽一 Reearined Retarned Earnings , Aprl 1 Aodd : Nee Income Eamngs Seatement o ₩ 2 . 490 2 . 490 600 2ess : Dividends Reeained Earnings , June 30 1 , 890 一一 Stao ment of Financial Position Assets ≈ 6 , 700 cash , Accounes Recerivable prepard Rent supplies Equipmene Accumulaeedpepreciatio Less 15 , 000 : Equrey and 2iabilities Equrey 1 , 890 ū Retained Eamings Shane capiert - 14 , 000 oridovery 600 Divrdends 500 Unearned Rene Revenve ↓ 16 , 990 Stao ment of Financial Position Assets Equipment 1500 U 850 Jess Accumulated Deprecuntion : 均 9 oo prepaid Pent 11000 suppties Accounts Recerivable cash total Assets 600 → 題题求 - abilities Equrey and 14, 150 6 , , 700 ⑤ 23 , 3 V Notes payable Accounes payable Unearned Rent Revenue S & W Payable Interese 目 Toeal Payable 2iabilities ≈ 5 , 000 1 , 510 500 400 50 , n延 , General Joural Date J Account Trele 3 and Eaplanatron Ref Dr cr . . . Adjustiny Entries 150 Expense 150 prepurd Insurance 30 500 Depreciation Eapense Acmmulafed Deprecration- Eequspmene 30 Interest Expense 30 1 30 beruve Revenue 400 10070 (年利率 ) 60012 x}: ) 70 o 100200 o m ( 共斯 A counts Receivable oo m Unearned Service Revenue service Revenve × 500 wo — 40 % 台 201000× 12 Interese Payable 人一 April 30 Insurance , ) 1 , 500 1 , 500 、 21400 Acounts Receivable Apr 30 . 21 400 Service pevenue 30 supplies 30 600 √ 1 . Supplies Expense 1 , 500 Insurance Eapense prepard Insurane 30 30 - sIw Espense Unearned Rent Revenue Pent revenve ' 500 9oo bqwipment 1 , 100 SIW pryable 30 1 900 Depreciatron Expence Acumu lated Deprecratron 600 1 . 1 1 . , 100 100 1 , 100 、、甘 " 000 ptguipwash …, wor 5, 000 Nrlepayable 5 PSmman " 2 plash 更正 o λ 00 ' i Cash … , owr 0 3 i Acounts Receivable Sales Revenue ANK 25 2 , 000 { 100 qnipment 6 , 000 % IWrtePayable5 5 , 000 Servie kererul 5 , ,000 2 , 000 fSumplise , 0 bales Revenve 2 . 500 ,00rviaRerenen i 5 f ANR 500 bales Revenve 500 Ψ 甘。 4 { 5 , cash , wo . Prepaiid InsurameEap . , 0 lcash 6 3 "3 , , i Cash UVR 8, 000 8 000 , 1 鼠器 { Rent 1 0 SOW Ex i 8 , 000 servine Revenue 8, 000 s 1 , 200 . & WEp 1 , wo . Ψ 000 3 Aedhsmame Imnrand la 000 i Cush Rent EXp i Insuraneap 30 , 3 , 000 i . 3 000 , , ONR 8 000 , s eriikerenme 8, 000 n . i Utilit7es Exp 500 , ” 500 4 , Acount 3 Receiva ble { Sales Sales Journal睬銷 Date Acount3 Debited Receivable PR Ref. Acounts , Sales Revenue Invoo p Revenue ofroodsold Imen tory cost . co3t of or . Goods Sold Inventory Dr . cr . Cash Receipt Journal Date Accounts credited kef 1 . cash Dr . CashSalesDibcounts ↑ Acounts Recervable sales Acounts Discounts Receivable Dr or . . cogs Inventory cost of Goods sold Dr Other sales Revenue AcountsInventory cr . . or . cr . Inven 比 y PurchasesJournal I Acounts Payable DateAcounts credited Terms Ref . In ventory Account 3 2110 m/30 , Dr . Payable or . PurchasesJournalEXpandingRuveneoyp { DateAcounts credited Terms Ref . Acounts Invenory Supplies payable Dr Cr Dr . . other Accounts DR Account Ref . Amount 。 Cash Payments Journal Date Co: Accounts Debited PurchaseDiscounts Ref Other . Acount 3 Dr . Itcwnash Payable Purchase Dibcounts ca Payable . Invenor Dr Accounts . 課本G - 24, 14 助 14 , + 717 - 46 45 , , . 片 Invenoyp { 000 000 p 000 cp , 000 - AIP 影 i cash , 13 . 000 - , 1 , - 63 5 , 000 , 片 500 , + 7 000 46 000 p 000 cp 600 COG 3 , /p { InventonyA 77 000 COGS 63 600 { Inventoy 25 , 900 ) { lesRer 000 , 均 87 Invenfory 000 110 000 22 , , , 7 . , nn 000 . , 63 600 , + 300 ㉖ 00010 4 46 o 7000 300 CR 000 会 , C { , 10 , 000 . @ sa 賒110 450000 6 , ≈ 116 , 现 45 , 000 , 000 s 000 CR 000 1 a f - 17 000 个 61 000 CR 55 cp , , , 000 23 000 , S CR . P . CP . Return ANp 今 { Inventory 300 General Journal 日、方一、高月月品均特種記簿 300 G . i Sales Returns A/ R 300 300 FIFO Average IIFO 调别認定課本 P 6 5 . 實帳期初 + 進貨 FIFO ( ù) , . ÷ 330 ÷ 26 333 卡進貨 . . sales : 285 unit ] 285 × 26 333 60 × 24 + 120 × 6 + 70 ×刘 . + 35 × 28 =€ 7 430 C] 8 690 , - . = 7 505 , 1 . 185 = 7 505 , 过去了 Avaliable : 60 × 24 + 120 × 26+ 70 × 27 + 80 ×28 8 690 8 , 690 = , 期初 +進貨期末=COG }. 8 . 690 _ 1 . 260 =ε 7 430 . 10 900 , ) 一 ( iii 10 900 , - 7 430 =€ 3 470 , . ↓ ↓ 1 oo 100 ↑ 1 oo n 100 ↓ 1 oo ↓ 1 oo = λ 100 . + 45 unit × 26 333 = 1 18 (法了 n ②R ⑤ ↓ w 期末 COGs Average 45 unitXE 28 E 1 2608 690 li) 一。  二小均存貨 ~ 7 505 3 395 = , ,  practice ) PBE 7 31 - Doitzb 7 19 - July 1 July 30 . 1 Petey cash 50 { cash 1 14 10 supplies 15 Eapense Delwery Mays 1 1 39 cash over and shore 全 - - MaysifPeeeycaih h 20 o no 50 Postage Eapense cas h ( 50 . ) 12 remaning 39 38 () 1 - 1 38 Postage Eapense Freight - out 10 49 4o Miscellaneous Expense cash over and shore 樂 fund contains $ 7 in cash → 200 ~ 7 = 193 1 193 Z cash Balance per Bank Add Deposits : in Transit t 5,w 1 211 , 6 411 , 2 es3 : Outstanding Checks 1 . 462 去4 949 , 7 32 - 2 PE a Ong Trading Bank Reconciliation June 30 cash Balance per Bank Statement Add Deposits in Transit : ¥ 9 525 2 581 , . 12 , 106 Les 3 : Outstanding 382 1 , Checks Adjusted Cash Balance per Bank ¥ 10 742 Cash Balance per Books Add Electronio Funds Transfer Received ¥ : Interest Earned . ¥ 884 910 26 11 Less : NSF Check Safeey Deposit Box Rent Adjusted Cash Balance per Books 094 10 . 004 , 245 280 35 ¥ 10 , 724 b June 30 Adjustrng Entries . { cash Acouns Receivable June 30 { CasInterest Revenne 17 33 PP 203 d - . 884 884 June 30 { Acwunash 北 6 June 30 i 245 Receivable 245 Bank Charye Expense 35 cash Choi Group s Bank ' . Bank Reconciliation May 31 Cash Balance per Bank Seatement Add Deposits : in Transit 讯 14 , 280 1 , 752 16 , 023 Less : Outstanding cheoks 2 : 410 35 Adjusted Cash Balance per Bank ' 均 13 , 622 ≈ cash Balance per Books Add Electronic Funds Transfer Received 13 , 3 19 505 : dess : NSF Cheok Error in ( 352 - recording check 13 824 , 讯 175 20 2 27 325 = 27) Adjusted Cash Balance per Books ≈ 13 , 622 帳款實際已付 Acounts Payable 27 ☆ . 奇 { cash ~ 175 Acouts Receivable 参 1 { cash 175 352 記成 325 → 少副 27 31 Cacounts Receivable 5/ 39 En May 1 { Junel i 505 PCash . Petty cash 10 o July 100 cash Delivery Eapense 31 . 2 39 Postage Expense MiscelaneousExpense 25 . 00 . Cash over and Shore 1 = - . . Delivery Eapense 21000 51 Entertainment Expense Miscellaneous Expense Cash Over and Shope cash 鉴額 , . 00 ) 96 75 . 24 75 . 不需記錄 ⑮ 1 95 96 75 . [ Julylo PettycaMash 3 . 支 1 樣從 100 扣 ( 已補充) → 100 3 25 96 75 00 98 2 cash 致 7 - 要把少的 27 補回來 ! 505 { 一二  一一门生工  一。 b 乳 30 工 E 17 . 8 √ cushcash Marchipetty P 00 marchisf 1 oo Postage Eapense Freight - 39 Out Expense √ Miscellaneous Expense Travel Expense Cash Overand Short 1 cash MarehufPereeyush 1 75 " 4 3 98 E7 . 9 a Wyatt 2td . Bank Reoaliation January 31 £ 3 560 Cash Balance per Bank Statement Add 530 Deposits in Transit : , , Cash Balance perBooks , . 00 20 20 . £ 490 00 Less NSF Check . : Bank Servive . £ 3 360 £ 3 875 20 . 730 Adjusted Cash Balance perBank 00 . 4 090 Dutstanding Checks 2ess : 20 . , charge Adjasted Cash Balance per Books 25 00 . 515 60 £ 33 , . . 00 20 ☆ . Jan 31 , { Accounts Receivable 490 BankChargeExpense Jan . 31 . 00 490 00 cash [ 目方 b Accounts Payable — cash . Bank 項项中 Deposits Transit I outstanding Check 25 00 . 25 00 号 ErrorinBank . 不需 Journalize , ∵ 公司已做記錄 E 7 11 . a . crane Video Bank Reconciliation July 31 Cash Balance per Bank Statement Add Deposits in Trainsit : HK$ 17 263 , 1 , 300 8 563 , Less Outstanding Checks : Adjusted Cash Balance per Bank Cash Balance per Books Add Collectionof Note Receivable : 591 √ HK $ 7 . 972 HK$ 7 284 , 216 8 000 , Less Bank Service Charge 28 : Adjusted Cash Balance perBooks HK $ 7 . 97 2 b Bark { cash E 7 13 . Charge Expense 28 三 28 ㄋ 1 cash 716 Mis cellaneous Expense 20 Receivable 700 Interest Reve nue 36 Notes 不知道在尬嘛 ? ? - cay 7 € 15 750 Deposits per Books in July dess Deposits per Bank in July Deposits in Transit June 30 : , , t 15 600 . ) ( q 2o July Receipts Deposited in July Deposits in Transit , July 31 14680 t 1 , 070 此 € 17 Check per Books in July Less Check : learing Bank Outstanding Cheoks , July t 16 400 June 30 ( 680 ) June Checks Cleared in in 15 ε , d , July Outstanding Checks July 31 )Depositsper BankStatment in ptember Total Deposit 2ess : Deposit per Books Deposits in Transit August 3 1 , 480 1 , , 2 , to be accounted 720 . € 26 700 Add Deposit in Transit September 30 : 200 . , 100 28 800 for , 26 400 , € 2 , 400 ( d) Checks September Clearing Add OutstandingChecks September 30 Bank in : € 25 , 000 2 , 100 , Total Checks to be accounts for 2ess : Cash Dis bursements Out standing Checks , per Books August 3 1 27 23 , , . 10 700 € 3 400 , . cashlash ipPeeey 0 弄6 { “ FrmiEneuremimmrt ghtlrone Ao Ttgame teseagerttrune Micullamons cash b Peety Cash . 87, 200 后 200 831 Bal 400 . . 36 33 27 . 00 秀 70 . . Petey Cash 200 cash Postage 74 40 Expamn laonooerandsur 8 一一作 2 P7 3 50 Expense 200 145 1 √ Entertainment Expense Freighe - Oue 90 60 . 464 " cash ourandshre 1 75 ' cash 283 g ppt 8 8 - May { ReceivablealesRevenue Accounts 50 , 000 50 000 1 May4 Sales , √ and Allowances { keturnscountsReceivable MaylofCasalesDiscounts 2 , 000 2 , 000 46 560 Accounts Receivable , 1 . 440 480000 一一備抵 Bad Debe Expense { Allowance for Doubeful Accounts Acounts Allowance for Doubefal { 估計收不回來 writen f Accounts Receivable Receivable Accounts Accounes Doubtful for Allowance { CasountsReceivable , 收回來了 , 「 Factor 8 13 - 1 ( 賣出 AcountsReceivable ) 588 cash 000 , 12 , Service Charge Expense 000 Accounts Receivable 600 000 , uumm Using cash { sateskevenue Visa Servive Charge Expense Card . 5 820 180 , 6 , 000 - { 支 1 支月 8 22 Notes Receivable 10 000 , 10 000 Accounts Receivable cash . 10 . (未付) 375 NNR × % × ] 375 Revenue [ Interest 000 10 Receivable Notes , ( 已付 MaturiyDay ) , 課本 8 12 - Do it { Do za Bad Debt Expense Allowance for Doubeful Accounts it 5 , 000 4 38 , 275 + 35 . 923 795 ÷ , 365 ÷ 2 % . 988 Z 9 = 147 days = 24 . 9 times 5 , 000 APPENDIX G Subsidiary Ledgers and Special Journals Learning Objectives 1. Describe the nature and purpose of a subsidiary ledger. 2. Record transactions in special journals. ANSWERS TO QUESTIONS 1. The advantages of using subsidiary ledgers are that they: • Show in a single account transactions affecting a single customer or single creditor, thus providing up-to-date information on specific account balances. • Free the general ledger of excessive details relating to accounts receivable and accounts payable. As a result, a trial balance of the general ledger does not contain vast numbers of individual account balances. • Assist in locating errors in individual accounts by reducing the number of accounts in one ledger and by using control accounts. • Permit a division of labor in posting by having one employee post to the general ledger and (a) different employee(s) post to the subsidiary ledgers. LO 1 BT: K Difficulty: Moderate TOT: 10 min. AACSB: None AICPA FC: Reporting 2. (a) (1) (2) month. (b) Transactions to subsidiary accounts are generally posted daily. In contrast, postings to the control accounts are usually made in total at the end of the A control account is a general ledger account that summarizes subsidiary ledger data. A subsidiary ledger is a group of accounts with a common characteristic (for example, all accounts receivable or all accounts payable). The control account balance is the sum of the subsidiary ledger balances. A subsidiary ledger is an addition to, and an expansion of, the general ledger. LO 1 BT: C Difficulty: Easy TOT: 5 min. AACSB: None AICPA FC: Reporting 3. Sales journal. Records entries for all sales of merchandise on account. Cash receipts journal. Records entries for all cash received by the business. Purchases journal. Records entries for all purchases of merchandise on account. Cash payments journal. Records entries for all cash paid. Some advantages of each journal are given below: • Sales journal. (1) Since the sales journal employs only one line to record a Sales transaction, its use reduces recording time; (2) the column totals are only posted to the general ledger once an accounting period; and (3) the journal’s use separates responsibilities between employees. • Cash receipts journal. (1) Its use aids in the posting process since the totals for Cash, Sales Discounts, Accounts Receivable, and Sales Revenue are all recorded in the general ledger only at the end of the month; and (2) it allows all accounts receivable credits to be posted to the appropriate subsidiary ledger accounts daily. • Purchases journal. The advantages are similar to those of the sales journal except that items involved are Inventory debits and Accounts Payable credits. • Cash payments journal. Similar advantages to cash receipts journal except the columns involved are different. In general, special journals: (1) allow greater division of labor because various individuals can record entries in different journals at the same time; and (2) reduce posting time of journals. LO 2 BT: C Difficulty: Moderate TOT: 10 min. AACSB: None AICPA FC: Reporting Questions Appendix G (Continued) 4. The entry for the sales return should be recorded in the general journal. Since Kim Sports has a singlecolumn sales journal, only credit sales can be recorded there. A purchase by Kim Sports has not taken place, so the use of the purchases journal is inappropriate. Finally, no cash is received or paid, so neither the cash receipts nor cash payments journal should be used. LO 2 BT: C Difficulty: Moderate TOT: 3 min. AACSB: None AICPA FC: Reporting 5. At the end of the month, after all postings to both the general ledger and the subsidiary accounts have been made, the total of the subsidiary account balances should equal the balance of the control account in the general ledger. In this case, the control account balance will be €450 larger than the total of the subsidiary accounts. LO 1 BT: C Difficulty: Easy TOT: 3 min. AACSB: None AICPA FC: Reporting 6. The purpose of special journals is to facilitate the recording process of the business entity. Therefore, the columns included in any special journal should correspond to the unique needs of the business. In particular, one type of business which might not require an Accounts Receivable column would be grocery stores. These businesses rarely sell on credit to their customers. The minimum frequency of the transaction implies no need for an Accounts Receivable column in the cash receipts journal. LO 2 BT: C Difficulty Easy TOT: 3 min. AACSB: None AICPA FC: Reporting 7. (a) No, the accounts receivable ledger will not agree with the Accounts Receivable control account. The accounts receivable ledger will be posted correctly, but the Accounts Receivable control account will be incorrect. (b) The trial balance will balance, although Cash will be €4,000 too high and Accounts Receivable €4,000 too low. LO 1 BT: AN Difficulty: Moderate TOT: 6 min. AACSB: Analytic AICPA FC: Reporting 8. The special journal is the sales journal. The other account is Sales Revenue. (The cash receipts journal is an incorrect answer because there would be more than two month-end postings to general ledger accounts.) LO 2 BT: C Difficulty: Easy TOT: 3 min. AACSB: None AICPA FC: Reporting 9. (a) General journal. (b) General journal. (c) Cash receipts journal. (d) Sales journal. (e) Cash receipts journal. (f) General journal. LO 2 BT: C Difficulty: Easy TOT: 3 min. AACSB: None AICPA FC: Reporting 10. (a) Cash receipts journal. (b) Cash receipts journal. (c) General journal. (d) (e) (f) Purchases journal. General journal. Cash payments journal. LO 1 BT: K Difficulty: Moderate TOT: 3 min. AACSB: None AICPA FC: Reporting 11. Typically included would be credit purchases of equipment, office supplies, and store supplies. However, any other item purchased on credit could also be included in a special column or the “other” column. LO 2 BT: C Difficulty: Easy TOT: 2 min. AACSB: None AICPA FC: Reporting Questions Appendix G (Continued) 12. One such example is a purchase return. Here the Accounts Payable control and subsidiary account must be debited for the same amount. The debit/credit equality is unaffected since the balance sheet equation is computed using general ledger (control) accounts only. The subsidiary accounts should prove to the control account balance. LO 1 BT: C Difficulty: Easy TOT: 3 min. AACSB: None AICPA FC: Reporting 13. The general journal may be used to record such transactions as the granting of credit to a customer for a sales return or allowance, the receipt of credit from a supplier for purchases returned, acceptance of a note receivable from a customer, or the purchase of a plant asset by issuing a note payable. In addition, all correcting, adjusting, and closing entries should be made in the general journal. LO 2 BT: C Difficulty: Easy TOT: 3 min. AACSB: None AICPA FC: Reporting SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE G.1 Accounts Receivable Subsidiary Ledger General Ledger Ling Ltd. Accounts Receivable Date Ref. Debit Credit Balance Jan. 10,000 7 7,000 Date 10,000 Jan. 3,000 31 Ref. Debit Credit Balance 27,000 20,000 17 31 TMC Co. Date Jan. Ref. Debit Credit Balance 8,000 4,000 8,000 4,000 15 24 Wong Co. Date Jan. Ref. Debit Credit Balance 9,000 9,000 9,000 0 23 29 LO 1 BT: C Difficulty: Easy TOT: 10 min. AACSB: None AICPA FC: Reporting BRIEF EXERCISE G.2 (a) (b) General ledger Subsidiary ledger (c) (d) General ledger Subsidiary ledger 27,000 7,000 LO 1 BT: C Difficulty: Moderate TOT: 2 min. AACSB: None AICPA FC: Reporting BRIEF EXERCISE G.3 (a) (b) (c) Cash Receipts Journal Cash Payments Journal Cash Payments Journal (d) (e) (f) Sales Journal Purchases Journal Cash Receipts Journal LO 2 BT: C Difficulty: Moderate TOT: 3 min. AACSB: None AICPA FC: Reporting BRIEF EXERCISE G.4 (a) No (c) Yes (b) Yes (d) No LO 2 BT: C Difficulty: Moderate TOT: 2 min. AACSB: None AICPA FC: Reporting BRIEF EXERCISE G.5 (a) (b) (c) (d) General Journal (if a one-column Purchases Journal) Purchases Journal (if a multi-column Purchases Journal) Purchases Journal Cash Payments Journal Sales Journal LO 2 BT: C Difficulty: Moderate TOT: 3 min. AACSB: None AICPA FC: Reporting BRIEF EXERCISE G.6 (a) (b) Cash Receipts Journal Cash Receipts Journal (c) (d) (e) Cash Receipts Journal Sales Journal and Cash Receipts Journal Purchases Journal LO 2 BT: C Difficulty: Moderate TOT: 3 min. AACSB: None AICPA FC: Reporting BRIEF EXERCISE G.7 (a) (b) Both in total and daily (c) In total (d) Only daily In total LO 2 BT: C Difficulty: Moderate TOT: 2 min. AACSB: None AICPA FC: Reporting SOLUTIONS TO EXERCISES EXERCISE G.1 (a) ₩370,400. Beginning balance of ₩340,000 plus ₩161,400 debit from sales journal less ₩131,000 credit from cash receipts journal. (b) ₩95,900. Beginning balance of ₩77,000 plus ₩66,400 credit from purchases journal less ₩47,500 debit from cash payments journal. (c) The column total of ₩161,400 in the sales journal would be posted to the credit side of the Sales Revenue account and the debit side of the Accounts Receivable account in the general ledger. (d) The accounts receivable column total of ₩131,000 in the cash receipts journal would be posted to the credit side of the Accounts Receivable account in the general ledger. LO 1, 2 BT: AP Difficulty: Moderate TOT: 10 min. AACSB: Analytic AICPA FC: Reporting EXERCISE G.2 From: To: Subject: Student@StateU.edu LillyCheung@SomeBusiness.com Kam-Bo Hung account The explanation of the three entries in the subsidiary ledger for the Kam-Bo Hung account is as follows: Sept. 2 This was a credit sale of merchandise to Hung. The entry was recorded on page 31 of the Sales Journal. Sept. 9 This was a sales return or allowance granted to Hung. The entry was recorded on page 4 of the General Journal. Sept. 27 This was a payment by Hung of the balance due. The entry was recorded on page 8 of the Cash Receipts Journal. If I can be of further help, please let me know. LO 1 BT: C Difficulty: Moderate TOT: 5 min. AACSB: None AICPA FC: Reporting EXERCISE G.3 (a) & (b) General Ledger Accounts Receivable Date Explanation Ref. Debit Credit Balance Sept. Balance 1 S 4,990 8,030 CR 220 G 10,960 15,950 7,920 7,700 Accounts Receivable Subsidiary Ledger Chang Date Sept. 1 Explanation Ref. Debit Credit Balance Balance 1,440 S 1,260 2,700 1,240 CR 1,460 Fung Date Sept. 1 Explanation Ref. Debit Credit Balance Balance 2,060 S 1,600 3,660 1,310 CR 2,350 Tamsui Date Sept. 1 Tumen Explanation Ref. Debit Credit Balance 0 S 1,330 1,330 380 CR 950 Date Explanation Ref. Debit Credit Balance Sept. Balance 1 S CR G 800 4,820 5,620 2,320 2,100 3,300 220 EXERCISE G.3 (Continued) Wu Date Sept. Explanation Ref. Debit Credit Balance Balance 2,640 1,800 CR 840 1 (c) ZHAO FOODS Schedule of Accounts Receivable As of September 30, 2025 Chang ¥1,460 Fung Tamsui Tumen 2,350 950 2,100 Wu 840 ¥7,700 Total Accounts Receivable ¥7,700 LO 1, 2 BT: AP Difficulty: Moderate TOT: 12 min. AACSB: Analytic AICPA FC: Reporting EXERCISE G.4 (a) ¥3,500 [¥10,000 – (¥4,000 + ¥2,500)]. (Fan Company acct. bal. = Tot. accts. rec. – Long Co. bal. – Chu Co. bal.); (¥10,000 - ¥4,000 - ¥2,500) (b) ¥12,000 [¥10,000 + (¥9,000 + ¥7,000 + ¥8,500) – (¥8,000 + ¥2,500 + ¥9,000) – ¥3,000]. (Accts. rec., 1/31 bal. = Accts. rec. beg. bal. + Credit sales – Collections - Returns); [¥10,000 + ($¥9,000 + ¥7,000 + ¥8,500) – ($8,000 + $2,500 + $9,000) - $3,000] (c) Chu (¥2,500 + ¥7,000 – ¥2,500 – ¥3,000) Fan (¥3,500 + ¥8,500 – ¥9,000) Long (¥4,000 + ¥9,000 – ¥8,000) 3,000 5,000 ¥ 4,000 ¥12,000 (d) The sales return (¥3,000) would be recorded in the general journal instead of a special journal. LO 1, 2 BT: AP Difficulty: Moderate TOT: 12 min. AACSB: Analytic AICPA FC: Reporting EXERCISE G.5 (a) €4,375 [€9,250 – (€3,000 + €1,875)]. (Valdez Company acct. bal. = Tot. accts. rec. – Hale Co. bal. – Janish Co. bal.); ($8,250 - $3,000 - $1,875) (b) €10,750 [€9,250 + (€6,750 + €5,250 + €6,375) – (€6,000 + €1,875 + €6,750) – €2,250]. (Accts. pay. 1/31 bal. = Accts. pay. beg. bal. + Purch. – Pmts. – Returns); [$9,250 + ($6,750 + $5,250 + $6,375) – ($6,000 + $1,875 + $6,750) - $2,250] (c) Hale (€3,000 + €6,750 – €6,000) €3,750 Janish (€1,875 + €5,250 – €1,875 – €2,250) Valdez (€4,375 + €6,375 – €6,750) 3,000 4,000 €10,750 (d) The purchase return (€2,250) would be recorded in the general journal instead of a special journal. LO 1, 2 BT: AP Difficulty: Moderate TOT: 12 min. AACSB: Analytic AICPA FC: Reporting EXERCISE G.6 (a) & (b) SEO-HYEON’S AUTO SUPPLY COMPANY Sales Journal S1 Date 2025 Sept. 2 Account Debited A. Jinwoo New Taiwan Invoice Accounts Receivable Dr. Cost of Goods Sold Dr. No. Ref. Sales Revenue Cr. Inventory Cr. 101 102 620 800 1,420 21 SEO-HYEON’S AUTO SUPPLY COMPANY Purchases Journal P1 420 480 900 Date 2025 Sept. Account Credited Jeju Company 10 Leung Sisters 25 Terms Inventory Dr. Ref. Accounts Payable Cr. 2/10, n/30 n/30 650 860 1,510 LO 2 BT: AP Difficulty: Easy TOT: 5 min. AACSB: Analytic AICPA FC: Reporting EXERCISE G.7 (a) & (b) R. LAWRENCE LUGGAGE Cash Receipts Journal CR1 Date Account Credited 2025 May Share Cap. 1 C. Galatoire Sales Accounts Cash Discounts Receivable Dr. Cr. Ref. Dr. 40,000 6,300 9,000 55,300 Sales Revenue Cr. Other Accounts Cr. Cost of Goods Sold Dr. Inventory Cr. 40,000 6,300 9,000 9,000 2 6,300 4,200 40,000 4,200 22 R. LAWRENCE LUGGAGE Cash Payments Journal Date 2025 May Ck. No. Account Debited 101 Inventory 3 102 Salaries and Wages Expense 14 CP1 Other Accounts Accounts Payable Inventory Cash Ref. Cr. Cr. Dr. Dr. 7,700 7,700 700 8,400 700 8,400 LO 2 BT: AP Difficulty: Easy TOT: 8 min. AACSB: Analytic AICPA FC: Reporting EXERCISE G.8 (a) Journal (b) Columns in the journal 1.Cash Payments Cash (Cr.), Other Accounts (Dr.). 2.Cash Receipts Cash (Dr.), Sales Discounts (Dr.), and Accounts Receivable (Cr.). 3.Cash Payments Cash (Cr.), Other Accounts (Dr.). 4.Cash Payments Cash (Cr.), Inventory (Cr.), and Accounts Payable (Dr.). 5.Cash Receipts Cash (Dr.), Accounts Receivable (Cr.). 6.Cash Payments Cash (Cr.), Other Accounts (Dr.). 7.Cash Payments Cash (Cr.), Other Accounts (Dr.). 8.Cash Receipts Cash (Dr.), Other Accounts (Cr.). 9.Cash Payments Cash (Cr.), Other Accounts (Dr.). 10.Cash Receipts Cash (Dr.), Sales Revenue (Cr.), Cost of Goods (Dr.), and Inventory (Cr.). Sold LO 2 BT: C Difficulty: Easy TOT: 10 min. AACSB: None AICPA FC: Reporting EXERCISE G.9 (a) Mar. 2 Equipment 7,400 Accounts Payable—Hasan Company 5 7 Accounts Payable—Kusuma Company 410 Inventory Inventory From: Subject: 400 400 260 Cost of Goods Sold To: 410 Sales Returns and Allowances Accounts Receivable—Bambang Company (b) 7,400 260 President Mama Liana Chief Accountant Posting of Control and Subsidiary Accounts The posting of these accounts varies with the journals used in recording the transactions. Sales and purchases journals—the total for the month is posted to the control accounts. The individual entries are posted daily to the subsidiary accounts. Columnar cash receipts and cash payments journals—the total of the control account column for the month is posted to the control account. The individual amounts in the column are posted daily to the subsidiary accounts. General journal—the individual entries are posted daily. Each entry that pertains to a control and a subsidiary account is dual posted. That is, it is posted to both the control account and the subsidiary account. I hope this memo answers your questions about posting. LO 1, 2 BT: AP Difficulty: Moderate TOT: 15min. AACSB: Analytic, Communication AICPA FC: Reporting EXERCISE G.10 1. 2. Cash Payments Journal General Journal 9. 8. Cash Receipts Journal Cash Payments Journal 3. Cash Receipts Journal 10. 4. 5. Cash Receipts Journal Sales Journal 12. 11. General Journal Cash Payments Journal 6. 7. Cash Receipts Journal General Journal 13. Cash Payments Journal Purchases Journal LO 2 BT: C Difficulty: Easy TOT: 10 min. AACSB: None AICPA FC: Reporting EXERCISE G.11 (a) The debit posting reference on February 28 should be from the cash payments journal to record the payments made during the month. The general ledger debit amount should be ¥28,340 to balance. The ending balance must be ¥3,600. (Accounts Payable control balance of ¥10,500 less Bak, ¥4,600, and Zhao, ¥2,300.) (Feb. 28 posting: ¥26,025 + ¥265 + ¥550 + ¥13,400 - ¥1,400 - Feb. 28 bal. ¥10,500 = ¥28,970) (b) Only the general journal amounts were dual posted. Thus, the amounts were ¥1,400 (Dr.), ¥265 (Cr.), and ¥550 (Cr.). LO 1 BT: AP Difficulty: Moderate TOT: 10 min. AACSB: Analytic AICPA FC: Reporting EXERCISE G.12 (a) Purchases Journal Date July P1 Inventory Dr. Account Credited Ref. Accounts Payable Cr. Marsh Co. 3 Yates Co. 12 Weller Co. 14 Lange Corp. 17 Marsh Co. 20 Yates Co. 21 Lange Corp. 29 2,400 500 1,100 1,400 1,700 600 1,600 9,300 120/201 EXERCISE G.12 (Continued) (b) General Journal Date Accounts and Explanations July Equipment 1 Accounts Payable— Flaherty Equipment Co. 18 Accounts Payable—Lange Corp. Inventory 25 Accounts Payable—Weller Co. Inventory Ref. Debit Credit 157/T 3,900 3,900 201/ 201/ 120/T 100 201/ 120/T 200 100 200 LO 1, 2 BT: AP Difficulty: Hard TOT: 15 min. AACSB: Analytic AICPA FC: Reporting EXERCISE G.13 ¥975 (¥200 + ¥290 + ¥145 + ¥190 + ¥150). All of the debit postings to the subsidiary ledger accounts should be from sales invoices. The total of all these debits should therefore be the total credit sales for the month, which would be the same amount as the end-of-month debit to Accounts Receivable. (Amt. posted to accts. rec. from sales journal); (¥200 + ¥290 + ¥145 + ¥190 + ¥150) LO 1,2 BT: AP Difficulty: Easy TOT: 5 min. AACSB: Analytic AICPA FC: Reporting EXERCISE G.14 (a) ₩14,000 + ₩77,000 – ₩46,000 = ₩45,000 (Accts. pay. 1/31 bal. = Beg. bal. + Tot. from purch. journal – Tot. from cash disb. journal); (₩14,000 + ₩77,000 - ₩46,000) (b) ₩22,000 + ₩110,000 – ₩45,000 = ₩87,000 (Accts. rec. 1/31 bal. = Beg. bal. + Tot. from sales journal – Tot. accts. rec. collections from cash receipts journal);( ₩22,000 + ₩110,000 ₩45,000) (c) ₩17,000 + ₩61,000 – ₩55,000 = ₩23,000 (Cash 1/31 bal. = Beg. bal. + Cash tot. from cash receipts journal – Cash from cash pmts. journal);( ₩$17,000 + ₩61,000 - ₩55,000) (d) ₩13,500 + ₩77,000 – ₩1,000 – ₩63,600 = ₩25,900 (Inv. 1/31 bal. = Beg. bal. + Tot. from purch. journal – Inv. tot. from cash pmts. journal – CGS); (₩13,500 + ₩77,000 - ₩1,000 ₩63,600) (e) ₩110,000 + ₩6,000 = ₩116,000 (Sales. Rev. 1/31 bal. = Tot. from sales journal + Sales rev. tot. from cash receipts journal); (₩110,000 + ₩6,000) LO 2 BT: AP Difficulty: Moderate TOT: 15 min. AACSB: Analytic AICPA FC: Reporting SOLUTIONS TO PROBLEMS PROBLEM G.1 (a) Cash Receipts Journal Date Apr. 1 4 5 Account Credited Share Capital Chiu-Wai Chan Co. Lau Inventory Chan Co. Gong CR1 Sales Accounts Cash Discounts Receivable Dr. Cr. Ref. Dr. 7,200 2,156 920 7,245 600 740 120 1,000 1,200 21,061 Sales Revenue Cr. 311 Other Accounts Cr. Cost of Goods Sold Dr. Inventory Cr. 7,200 44 2,200 920 600 1,000 1,200 7,245 4,347 740 8 (101) 44 (414) 5,920 (112) 7,245 (401) 10 11 23 29 (b) General Ledger Accounts Receivable Date No. 112 Explanation Ref.DebitCreditBalance Apr. Balance 1 30 CR1 7,850 5,920 1,930 Accounts Receivable Subsidiary Ledger Chan Co. Date Apr. Explanation Ref.DebitCreditBalance Balance 2,900 920 1,980 CR1 1,000 CR1 980 1 5 23 PROBLEM G.1 (Continued) Chiu-Wai Date Explanation Ref.DebitCreditBalance Apr. Balance 1 4 Gong CR1 2,200 2,200 0 7,940 (X) 4,347 (505)(120) Date Apr. 1 29 Explanation Ref.DebitCreditBalance Balance 1,200 1,200 CR1 0 Lau Date Explanation Ref.DebitCreditBalance Apr. Balance 1 10 (c) 1,550 950 600 CR1 Accounts receivable balance: HK$1,930 Subsidiary account balances: Chan Co. HK$ 980 Lau 950 Total HK$1,930 LO 1, 2 BT: AP Difficulty: Easy TOT: 30 min. AACSB: Analytic AICPA FC: Reporting PROBLEM G.2 (a) Cash Payments Journal Date Oct. 10 15 16 Ck. No. Account Debited 63 Inventory 1 64 Equipment 3 65 Uggla Company 5 66 Inventory 67 Rosenthal Co. 68 Cash Dividends 69 Orr Co. 70 Clevenger Company CP1 Other Accounts Accounts Payable Inventory Cash Ref. Dr. Dr. Cr. Cr. 120 157 300 800 120 2,550 323 400 2,700 54 1,800 4,050 (X) 2,000 2,500 9,000 (201) 40 94 (120) 300 800 2,646 2,550 1,800 400 1,960 2,500 12,956 (101) 19 29 (b) General Ledger Accounts Payable Date No. 201 Explanation Ref.DebitCreditBalance Oct. Balance 1 31 CP19,000 10,700 1,700 Accounts Payable Subsidiary Ledger Clevenger Company Date Explanation Ref.DebitCreditBalance Oct. 3,700 1,200 Balance 1 CP12,500 29 PROBLEM G.2 (Continued) Orr Co. Date Oct. 1 19 Explanation Ref.DebitCreditBalance Balance 2,500 CP12,000 500 Rosenthal Co. Date Explanation Ref.DebitCreditBalance Oct. Balance 1 CP11,800 1,800 0 15 Uggla Company Date Oct. 1 5 (c) Explanation Ref.DebitCreditBalance Balance 2,700 CP12,700 0 Accounts payable balance: €1,700 Subsidiary account balances: Clevenger Company €1,200 Orr Co. 500 €1,700 LO 1, 2 BT: AP Difficulty: Moderate TOT: 30 min. AACSB: Analytic AICPA FC: Reporting PROBLEM G.3 (a) Purchases Journal Date July 13 15 15 P1 Accounts Other Payable Inventory Accounts Account Credited (Debited) Ref. Dr. Cr. Dr. Oong Company 1 Laau Shipping 2 Goo Company 5 Ngg Supply (Supplies) Oong Company Soxng Company Viun Advertisements (Advertising Expense) Goo Company Ngg Supply 8,000 400 3,200 126/ 8,000 400 3,200 720 3,600 4,300 610/ 3,600 4,300 600 3,000 900 3,000 720 600 900 (Equipment) Laau Shipping 18 157/ 380 25,100 (201) 24 380 22,880 (120) 2,220 (X) 26 28 Sales Journal S1 Date Account Debited Ref. July Choi Company Huang Bros. Aang Company Huang Bros. Choi Company Zafn Company Aang Company 3 3 16 Accounts Receivable Dr. Cost of Goods Sold Dr. Sales Revenue Cr. Inventory Cr. 1,300 1,500 3,450 1,870 310 2,800 5,600 16,830 (112)(401) 16 910 1,050 2,415 1,309 217 1,960 3,920 11,781 (505)(120) 21 21 30 PROBLEM G.3 (Continued) General Journal Date July 8 G1 Accounts and Explanations Accounts Payable—Goo Company Inventory Ref. DebitCredit 201/ 300 120/T 22 Sales Returns and Allowances 412/T Accounts Receivable— 112/ Choi Company 300 40 40 (b) General Ledger Accounts Receivable No. 112 Date Explanation Ref.DebitCreditBalance July S1 16,830 G1 31 22 Inventory Date July 16,830 40 16,790 No. 120 Explanation Ref.DebitCreditBalance P1 22,880 22,880 300 22,580 31 G1 11,781 10,799 8 S1 31 Supplies Date July No. 126 Explanation Ref.DebitCreditBalance P1 720 720 13 PROBLEM G.3 (Continued) Equipment Date No. 157 Explanation Ref.DebitCreditBalance July P1 900 900 26 Accounts Payable Date No. 201 Explanation Ref.DebitCreditBalance July 31 8 P1 G1 25,100 25,100 300 24,800 Sales Revenue Date No. 401 Explanation Ref. Debit S1 July 31 Sales Returns and Allowances Date CreditBalance 16,830 16,830 No. 412 Explanation Ref.DebitCreditBalance July 22 G1 Cost of Goods Sold Date July 31 40 40 No. 505 Explanation Ref.DebitCreditBalance S1 11,781 11,781 Advertising Expense Date July No. 610 Explanation Ref.DebitCreditBalance P1 600 600 18 PROBLEM G.3 (Continued) Accounts Receivable Subsidiary Ledger Aang Company Date Explanation Ref.DebitCreditBalance July 16 S1 3,450 S1 5,600 3,450 9,050 30 Choi Company Date July Explanation Ref.DebitCreditBalance S1 1,300 1,300 3 S1 310 1,610 40 1,570 21 G1 22 Huang Bros. Date Explanation Ref.DebitCreditBalance July S1 1,500 S1 1,870 3 16 1,500 3,370 Zafn Company Date Explanation Ref.DebitCreditBalance July S1 2,800 2,800 21 PROBLEM G.3 (Continued) Accounts Payable Subsidiary Ledger Goo Company Date Explanation Ref.DebitCreditBalance July P1 3,200 3,200 G1 300 2,900 3,000 5,900 P1 5 8 24 Laau Shipping Date Explanation Ref.DebitCreditBalance July P1 P1 2 28 400 380 400 780 Ngg Supply Date July 13 Explanation Ref.DebitCreditBalance P1 720 720 P1 900 1,620 26 Oong Company Date Explanation Ref.DebitCreditBalance July 1 P1 P1 8,000 8,000 3,600 11,600 15 Soxng Company Date July Explanation Ref.DebitCreditBalance P1 4,300 4,300 15 Viun Advertisements Date July Explanation Ref.DebitCreditBalance P1 600 600 18 PROBLEM G.3 (Continued) (c) Accounts receivable balance NT$16,790 Subsidiary account balances Aang Company Choi Company NT$9,050 1,570 Huang Bros. 3,370 Zafn Company Total 2,800 NT$16,790 Accounts payable balance NT$24,800 Subsidiary account balances Goo Company Laau Shipping Ngg Supply Oong Company Soxng Company Viun Advertisements Total NT$ 5,900 780 1,620 11,600 4,300 600 NT$24,800 LO 1, 2 BT: AP Difficulty: Moderate TOT: 45 min. AACSB: Analytic AICPA FC: Reporting PROBLEM G.4 (a), (b) & (c) Sales Journal Date Jan. 4 9 17 31 Account Debited Wei Loeng Corp. Dyun Co. Wei S1 Invoice Accounts Receivable Dr. Cost of Goods Sold Dr. No. Ref. Sales Revenue Cr. Inventory Cr. 371 372 373 374 5,250 5,400 1,200 9,330 21,180 (112)(401) 3,150 3,240 720 5,598 12,708 (505)(120) Purchases Journal P1 Inventory Dr. Account Credited Ref. Accounts Payable Cr. Date Jan. Gum Co. Pang Co. Che Co. Gum Co. Yap Corp. 3 8 9,000 4,500 3,700 7,800 5,100 30,100 (120)(201) 11 23 24 General Journal Date Jan. 5 G1 Accounts and Explanations Accounts Payable—Gum Co. Inventory 19 Equipment Accounts Payable—Ziu Corp. Ref. DebitCredit 201/ 300 300 120 157/T 5,500 201/ 5,500 PROBLEM G.4 (Continued) Cash Receipts Journal Date Account Credited Jan. 6 Loeng Corp. Wei 13 15 17 Dyun Co. CR1 Sales Accounts Cash Discounts Receivable Dr. Cr. Ref. Dr. 3,150 6,260 5,346 5,250 3,200 4,230 1,200 28,636 (101) 54 54 (414) Sales Revenue Cr. Other Accounts Cr. Cost of Goods Sold Dr. Inventory Cr. 3,150 6,260 1,890 3,756 3,200 4,230 1,920 2,538 5,400 5,250 1,200 11,850 (112) 16,840 (401) 0 (X) 10,104 (505)(120) 20 27 30 Cash Payments Journal Date Jan. 13 15 CP1 Other Accounts Accounts Payable Inventory Cash Account Debited Ref. Cr. Cr. Dr. Dr. Supplies 126 4 Gum Co. Salaries and Wages Expense 726 Pang Co. Salaries and Wages Expense 726 20 80 14,300 13,200 27,580 (X) 8,700 174 80 8,526 4,500 90 14,300 4,410 13,200 (201) 264 (120) 13,200 40,516 (101) 31 LO 1, 2 BT: AP Difficulty: Moderate TOT: 50 min. AACSB: Analytic AICPA FC: Reporting PROBLEM G.5 (a), (d) & (g) Cash Date July General Ledger No. 101 Explanation Ref. Debit CreditBalance CR1104,025 104,025 39,066 64,959 31 CP1 31 Accounts Receivable Date July No. 112 Explanation Ref. Debit CreditBalance S1 20,700 20,700 31 31 CR1 Inventory Date No. 120 Explanation Ref.Debit CreditBalance July P1 44,020 44,020 420 43,600 CR1 234 43,366 CP1 13,455 29,911 S1 5,200 24,711 CR1 31 29 31 31 31 Supplies Date July No. 126 Explanation July Ref. DebitCreditBalance CP1 4 Adjusting entry G1 31 Prepaid Rent Date 15,700 5,000 600 460 600 140 No. 131 Explanation Ref.DebitCreditBalance CP1 6,000 11 Adjusting entry G1 31 6,000 500 5,500 PROBLEM G.5 (Continued) Accounts Payable Date July No. 201 Explanation Ref. DebitCreditBalance P1 44,020 44,020 31 CP1 30,200 13,820 31 Share Capital-Ordinary Date July No. 311 Explanation Ref.DebitCreditBalance CR1 80,000 80,000 1 Cash Dividends Date No. 332 Explanation Ref.DebitCreditBalance July CP1 2,500 2,500 19 Sales Revenue Date July Sales Discounts Date No. 401 Explanation Ref.DebitCreditBalance S1 20,700 20,700 31 CR1 8,000 28,700 31 No. 414 Explanation Ref. Debit CreditBalance July 31 CR1 Cost of Goods Sold 95 95 No. 505 Date July Explanation Ref. DebitCreditBalance S1 13,455 13,455 31 CR1 5,200 18,655 31 PROBLEM G.5 (Continued) Supplies Expense Date Explanation No. 631 Ref.DebitCreditBalance July Adjusting entry G1 460 460 31 Rent Expense Date No. 729 Explanation July Ref.DebitCreditBalance Adjusting entry G1 500 500 31 (b) Sales Journal S1 Date Account Debited Ref. July Chatterjee Co. S. Garga Kutsa Co. R. Kumar 6 Accounts Receivable Dr. Cost of Goods Sold Dr. Sales Revenue Cr. Inventory Cr. 6,200 4,600 4,900 5,000 20,700 (112)(401) 8 4,030 2,990 3,185 3,250 13,455 (505)(120) 10 21 Cash Receipts Journal Date July Account Credited Sh. Cap. Ordinary 1 7 13 16 S. Garga Kutsa Co. Chatterjee Co. Inventory CR1 Sales Accounts Cash Discounts Receivable Dr. Cr. Ref. Dr. 311 80,000 8,000 4,554 4,851 6,200 420 120 104,025 (101) Sales Revenue Cr. Other Accounts Cr. Cost of Goods Sold Dr. Inventory Cr. 80,000 8,000 46 49 4,600 4,900 6,200 95 (414) 15,700 (112) 8,000 (401) 5,200 420 80,420 (X) 5,200 (505)(120) 20 29 PROBLEM G.5 (Continued) (c) Accounts Receivable Subsidiary Ledger Chatterjee Co. Date July 6 20 ExplanationRef. Debit CreditBalance S1 6,200 6,200 6,200 CR1 0 Kutsa Co. Date July Explanation Ref.DebitCreditBalance S1 4,900 4,900 4,900 10 CR1 0 16 R. Kumar Date Explanation Ref.DebitCreditBalance July S1 5,000 5,000 21 S. Garga Date July 8 13 Explanation Ref.DebitCreditBalance S1 4,600 4,600 4,600 CR1 0 Accounts Payable Subsidiary Ledger Huq Co. Date July Explanation Ref.DebitCreditBalance P1 15,300 15,300 13 CP115,300 0 21 J. Gupta Date July Explanation Ref.DebitCreditBalance P1 5,920 5,920 11 PROBLEM G.5 (Continued) M. Maji Date July Explanation Ref.DebitCreditBalance P1 7,900 7,900 20 N. Akhand Date July 4 15 Explanation Ref. Debit CreditBalance P1 6,800 6,800 CP1 6,800 0 Pai Co. Date July 5 10 (e) Explanation Ref. DebitCreditBalance P1 8,100 8,100 CP1 8,100 0 ADHIKARI GROUP Trial Balance July 31, 2025 Debit Credit ₺64,959 5,000 24,711 600 6,000 ₺13,820 80,000 Cash Accounts Receivable Inventory Supplies Prepaid Rent Accounts Payable Share Capital - Ordinary Cash Dividends Sales Revenue Sales Discounts Cost of Goods Sold 2,500 28,700 95 18,655 ₺122,520 ₺122,520 PROBLEM G.5 (Continued) (f) Accounts receivable balance ₺5,000 Subsidiary accounts balance R. Kumar ₺5,000 Accounts payable balance ₺13,820 Subsidiary accounts balance J. Gupta 5,920 M. Maji ₺7,900 ₺13,820 (g) General Journal Date July G1 Accounts and Explanations Ref.DebitCredit Supplies Expense 631 460 460 31 Supplies 126 31 Rent Expense 729 500 Prepaid Rent 131 500 PROBLEM G.5 (Continued) (h) ADHIKARI GROUP Adjusted Trial Balance July 31, 2025 Debit ₹64,959 5,000 24,711 140 5,500 Cash Accounts Receivable Inventory Supplies Prepaid Rent Accounts Payable Share Capital - Ordinary Cash Dividends Sales Revenue Sales Discounts Cost of Goods Sold Supplies Expense Rent Expense 2,500 Credit ₹13,820 80,000 28,700 95 18,655 460 __ 500 ₹122,520 ₹122,520 LO 1, 2 BT: AP Difficulty: Hard TOT: 65 min. AACSB: Analytic AICPA FC: Reporting PROBLEM G.6 (b) & (c) Cash Receipts Journal Date Account Credited Ref. Jan. T. Hodges M. Ziesmer 7 Notes Receivable 13 115 Cash Dr. 3,500 7,840 9,100 40,000 60,440 (101) CR1 Sales Accounts Discounts Receivable Dr. Cr. 160 Sales Revenue Cr. Other Accounts Cr. 3,500 8,000 9,100 0 160 (414) Cost of Goods Sold Dr. Inventory Cr. 11,500 (112) 9,100 (401) 5,460 40,000 40,000 5,460 (505)(120) (X) 23 29 Cash Payments Journal Date Account Debited Jan. Inventory Rent Expense K. Thayer Salaries and Wages Expense E. Pheatt 11 12 CP1 Other Accounts Accounts Payable Inventory Cash Ref. Dr. Dr. Cr. Cr. 120 729 300 1,000 13,000 726 130 300 1,000 12,870 130 (120) 4,800 950 19,920 (101) 4,800 15 950 13,950 (201) 6,100 (X) 18 27 Sales Journal Date Jan. Account Debited S1 Accounts Receivable Dr. Cost of Goods Sold Dr. Ref. Sales Revenue Cr. Inventory Cr. M. Ziesmer 3 I. Kirk 24 8,000 7,400 15,400 (112)(401) 4,800 4,440 9,240 (505)(120) PROBLEM G.6 (Continued) Purchases Journal Date Jan. 17 P1 Inventory Dr. Account Credited Ref. Accounts Payable Cr. E. Pheatt 5 G. Roland 2,000 1,600 3,600 (120)(201) General Journal Date Jan. G1 Accounts and Explanations Sales Returns and Allowances 14 Accounts Receivable— B. Hannigan Inventory (€300 × .60) Cost of Goods Sold /112 T/120 T/200 30 Accounts Payable—G. Roland Inventory /201 120 General Ledger Cash No. 101 Date Explanation Ref.DebitCreditBalance Jan. Balance 1 31 31 41,500 CR160,440 101,940 19,920 82,020 CP1 PROBLEM G.6 (Continued) Accounts Receivable No. 112 Explanation Ref. Debit CreditBalance Balance 15,000 300 14,700 1 G1 11,500 3,200 14 CR1 15,400 31 S1 18,600 31 Notes Receivable No. 115 300 180 180 T/505 20 Accounts Payable—D. Danford Notes Payable (a) & (c) Date Jan. Ref. Debit Credit 300 T/412 /201 18,000 18,000 300 300 Date Jan. 1 29 Explanation Ref.DebitCreditBalance Balance 45,000 40,000 5,000 CR1 Inventory Date Jan. 1 11 14 30 31 31 31 31 ExplanationRef.DebitCreditBalance Balance 23,000 CP1 300 23,300 G1 180 23,480 300 23,180 G1 P1 3,600 26,780 130 CP1 26,650 5,460 CR1 21,190 9,240 S1 11,950 Equipment Date Jan. No. 120 No. 157 Explanation Ref.DebitCreditBalance Balance 6,450 1 Accumulated Depreciation—Equipment Date Jan. Explanation Ref.DebitCreditBalance Balance 1,500 1 PROBLEM G.6 (Continued) Notes Payable Date No. 200 Explanation Ref.DebitCreditBalance Jan. G1 20 18,000 18,000 No. 158 Accounts Payable Date Jan. No. 201 Explanation Ref.DebitCreditBalance Balance 43,000 1 G118,000 25,000 20 G1 300 24,700 3,600 28,300 30 P1 31 CP113,950 14,350 31 Share Capital-Ordinary Date Jan. No. 311 Explanation Ref.DebitCreditBalance Balance 60,000 1 Retained Earnings Date No. 320 Explanation Ref.DebitCreditBalance Jan. Balance 26,450 1 Sales Revenue Date No. 401 Explanation Ref.DebitCreditBalance Jan. 31 31 CR1 S1 Sales Returns and Allowances Date Jan. 9,100 9,100 15,400 24,500 No. 412 Explanation Ref.DebitCreditBalance G1 300 300 14 Sales Discounts Date Jan. No. 414 Explanation Ref. Debit CreditBalance CR1 160 160 31 PROBLEM G.6 (Continued) Cost of Goods Sold Date Jan. No. 505 Explanation Ref.DebitCreditBalance CR15,460 5,460 31 S1 9,240 14,700 180 14,520 31 G1 14 Salaries and Wages Expense Date Jan. No. 726 Explanation Ref.DebitCreditBalance CP14,800 4,800 18 Rent Expense Date Jan. No. 729 Explanation Ref.DebitCreditBalance CP11,000 1,000 12 Accounts Receivable Subsidiary Ledger B. Hannigan Date Jan. 1 14 I. Kirk Explanation Ref.DebitCreditBalance Balance 2,500 300 2,200 G1 Date Explanation Ref.DebitCreditBalance Jan. Balance 1 24 S1 7,400 7,500 14,900 PROBLEM G.6 (Continued) T. Hodges Date Explanation Ref.DebitCreditBalance Jan. Balance 1 7 CR1 5,000 3,500 1,500 M. Ziesmer Date Explanation Ref. Debit CreditBalance Jan. S1 8,000 8,000 8,000 CR1 0 3 13 Accounts Payable Subsidiary Ledger D. Danford Date Jan. 1 20 Explanation Ref.DebitCreditBalance Balance 18,000 G118,000 0 T. Igawa Date Jan. Explanation Ref.DebitCreditBalance Balance 12,000 1 G. Roland Date Jan. Explanation Ref. DebitCreditBalance P1 1,600 1,600 300 17 G1 1,300 30 E. Pheatt Date Jan. 5 27 Explanation Ref.DebitCreditBalance P1 2,000 2,000 CP1 950 1,050 PROBLEM G.6 (Continued) K. Thayer Date Jan. 1 15 (d) Explanation Ref. DebitCreditBalance Balance 13,000 CP113,000 0 HORNER AUTOS Trial Balance January 31, 2025 Cash Accounts Receivable Notes Receivable Inventory Equipment Accumulated Depreciation—Equipment Notes Payable Accounts Payable Share Capital-Ordinary Retained Earnings Sales Revenue Debit Credit € 82,020 18,600 5,000 11,950 6,450 € 1,500 18,000 14,350 60,000 26,450 24,500 300 G52 Copyri ght © 2022 WILE Y Weyga ndt, Financi al Accoun ting, IFRS 5/e, Solutio ns Manual Sales Returns and Allowances Sales Discounts Cost of Goods Sold Salaries and Wages Expense Rent Expense (e) 160 14,520 4,800 1,000 €144,800 €144,800 Accounts Receivable Subsidiary Ledger B. Hanningan I. Kirk T. Hodges € 2,200 14,900 1,500 €18,600 Accounts Receivable Control €18,600 PROBLEM G.6 (Continued) Accounts Payable Subsidiary Ledger T. Igawa €12,000 E. Pheatt G. Roland 1,050 1,300 €14,350 Accounts Payable Control €14,350 LO 1, 2 BT: AP Difficulty: Hard TOT: 70 min. AACSB: Analytic AICPA FC: Reporting (c) KOTO MERCHANTS Worksheet For the Month Ended January 31, 2025 ACRG.1 COMPREHENSIVE PROBLEM Trial Balance Account Titles Dr. (a) Sales Journal 45,515 Cash Accounts Receivable Notes Receivable InventoryDate Supplies Prepaid Insurance Cr. Adjustments Adjusted Trial Balance Income Statement Balance Sheet Dr. Dr. Dr. Dr. Cr. S1 Cr. Cr. 45,515 45,515 900 1,800 900 1,800 23,200Dr. Cost of Goods Sold 23,200 Account 23,200 Invoice Accounts Receivable Dr. 39,000 39,000 39,000 Debited 30,855No. Ref. Sales Revenue30,855 Cr. Inventory Cr.30,855 1,600 2,000 (1) Cr. (For Instruct or Use Only Equipment 6,450 Jan. B. Chen 510 Accum. Depreciation—Equipment Tjong Co. 511 Notes Payable Accounts Payable 3 Bodi Co. 512 Interest Payable Mohede Co. 513 1,500 Share Capital-Ordinary 15,000 3 B. Chen 51431,800 Retained Earnings Cash Dividends Bodi Co. 515 Sales Revenue 11 and Allowances Sueba Co. 51650,000 Sales Returns 800 28,700 Sales Discounts Tjong Co. 517 Cost of Goods Sold 11 300 79,400 Salaries and Wages Expense 120 Rent Expense 47,460 22 Totals 8,100 Supplies Expense 1,000 Insurance Expense 206,400 22 Expense Depreciation Interest Expense 206,400 Totals 25 Net Income Totals (1) 25 3,600 1,600 900 2,700 (3) 2,300 3,500 800 125 6,100 22,500 300 (112)(401) 120 (4) 200 50 Date 200 (3)P1 Jan. 16 16 16 125 Account Credited Terms (4) 50 Goh Co. 5 D. Phe 5 Shihab Co. Medan Co. Goh Co. Shihab Co. D. Phe Goh Co. 47,460 8,100 1,000 700 200 125 50 206,575 700 (2) Purchases Journal 2,160 1,080 960 540 1,620 1,380 2,100 3,660 13,500 (505)(120) 6,450 7001,800 (2) 79,400 800 79,400 700 200 125 50 58,055 206,575 21,345 79,400 148,520 127,175 21,345 148,520 148,520 79,400 5,000 2,200 15,000 14,200 1,500 14,500 3,200 5,400 61,000 (120)(201) 27 27 ACRG.1 (Continued) Cash Receipts Journal Account Credited 1,625 15,000 31,800 50 50,000 28,700 300 120 47,460 8,100 1,000 Inventory Dr. 79,400 Ref. Accounts Payable Cr. n/30 1,075 n/30 1,075 1/10, n/30 2/10, n/30 n/30 1/10, n/30 n/30 n/30 27 1,625 15,000 31,800 50 50,000 28700 6,450 CR1 Sales Accounts Sales Other Cash Discounts Receivable Revenue Accounts Dr. Cr. Cr. Cr. Dr. Cost of Goods Sold Dr. Inventory Cr. Date Jan. Ref. Mohede Co. Sueba Co. 7 7 B. Chen Tjong Co. 10 Mohede Co. 13 4,000 2,000 15,500 3,528 1,470 20,100 882 21,300 68,780 (101) 4,000 2,000 72 30 3,600 1,500 18 900 120 (414) 12,000 (112) 15,500 9,300 20,100 12,060 21,300 56,900 (401) 12,780 34,140 (505)(120) 13 20 21 31 Cash Payments Journal Date Account Debited Jan. Inventory Medan Co. Shihab Co. Rent Expense Cash Dividends 8 9 CP1 Other Accounts Accounts Payable Supplies Inventory Cash Dr. Dr. Dr. Cr. Cr. Ref. 120 235 9,000 11,000 729 306 1,000 800 Shihab Co. Medan Co. 9 12 15 Salaries and Wages Expense 17 23 23 28 31 ACRG.1 (Continued) 180 110 15,000 14,000 400 150 280 235 8,820 10,890 1,000 800 400 14,850 13,720 200 200 627 8,100 10,135 (X) 49,000 (201) 600 (126) 720 (120) 8,100 59,015 (101) (a) & (e) General Journal Date Jan. 9 G1 Account Titles and Explanations Ref. Debit Credit Sales Returns and Allowances Accounts Receivable— Tjong Co. (Issued credit for merchandise returned) 412 Inventory ($300 × .60) Cost of Goods Sold 120 300 300 112/ 180 505 180 18 Accounts Payable—Medan Co. Inventory (Received credit for returned goods) 201/ 200 120/T 200 21 Accounts Payable—Manuwa Notes Payable (Payment of balance due) 201/15,000 15,000 200/T Adjusting Entries 31 Supplies Expense Supplies 728 126 700 31 Insurance Expense(Rp2,000 ÷ 10) Prepaid Insurance 722 130 200 711 125 31 Depreciation Expense (Rp1,500 ÷ 12) Accumulated Depreciation— Equipment 31 Interest Expense Interest Payable 200 125 158 718 230 700 50 50 Closing Entries 31 Sales Revenue Income Summary 401 79,400 79,400 350 ACRG.1 (Continued) General Journal Date Jan. Account Titles and Explanations Income Summary 31 Sales Discounts Sales Returns and Allowances Cost of Goods Sold Rent Expense Salaries and Wages Expense Supplies Expense Insurance Expense Depreciation Expense Interest Expense Ref. DebitCredit 35058,055 120 414 31 Income Summary Retained Earnings 35021,345 21,345 320 31 Retained Earnings Cash Dividends 320 333 (b) & (e) Cash Date Jan. 412 505 729 300 47,460 1,000 627 728 722 711 718 8,100 700 200 125 50 General Ledger No. 101 Explanation Ref. DebitCreditBalance Balance 35,750 1 CR168,780 104,530 59,015 45,515 31 CP1 31 Accounts Receivable Date Jan. 1 G1 No. 112 Explanation Ref. DebitCreditBalance Balance 13,000 S1 22,500 35,500 12,000 800 800 31 CR1 31 G1 9 ACRG.1 (Continued) Notes Receivable Date Jan. 300 23,500 23,200 No. 115 Explanation Ref.DebitCreditBalance Balance 39,000 1 Inventory Date No. 120 Explanation Ref.DebitCreditBalance Jan. Balance 1 31 31 31 8 31 9 18 Supplies Date Jan. 18,000 P1 61,000 79,000 13,500 65,500 S1 34,140 31,360 CR1 CP1 235 31,595 720 30,875 CP1 180 G1 31,055 200 G1 30,855 No. 126 Explanation Ref. DebitCreditBalance Balance 1 CP1 31 Adj. entry G1 31 Prepaid Insurance Date Jan. 1 31 600 1,000 1,600 700 900 No. 130 Explanation Ref.DebitCreditBalance Balance 2,000 200 1,800 Adj. entry G1 Equipment Date Jan. No. 157 Explanation Ref.DebitCreditBalance Balance 6,450 1 ACRG.1 (Continued) Accumulated Depreciation—Equipment Date Jan. 1 31 Explanation Ref.DebitCreditBalance Balance 1,500 125 1,625 Adj. entry G1 Notes Payable Date Jan. No. 200 Explanation Ref.DebitCreditBalance G1 15,000 15,000 21 Accounts Payable Date Jan. No. 201 Explanation Ref. DebitCreditBalance Balance 35,000 61,000 96,000 1 P1 31 CP149,000 47,000 31 G1 200 46,800 18 G1 15,000 31,800 21 Interest Payable Date Jan. 31 No. 230 Explanation Ref.DebitCreditBalance 50 50 Adj. entry G1 No. 158 Share Capital-Ordinary No. 311 Date Explanation Ref.DebitCreditBalance Jan. Balance 50,000 1 Retained Earnings Date Jan. No. 320 Explanation Ref.DebitCreditBalance Balance 278,700 21,345 50,045 1 Clos. entry G1 31 Clos. entry G1 800 49,245 31 Cash Dividends No. 332 Date Jan. Explanation Ref. DebitCreditBalance CP1 800 800 800 15 Clos. entry G1 0 31 ACRG.1 (Continued) Income Summary Date Jan. No. 350 Explanation Ref.DebitCreditBalance Clos. entry G1 79,400 79,400 31 Clos. entry G158,055 21,345 31 Clos. entry G121,345 0 31 Sales Revenue Date No. 401 Explanation Ref.DebitCreditBalance Jan. 31 31 31 S1 22,500 22,500 CR1 56,900 79,400 Clos. entry G179,400 0 Sales Returns and Allowances No. 412 Date Jan. 9 31 Explanation Ref.DebitCreditBalance G1 300 300 Clos. entry G1 300 0 Sales Discounts Date No. 414 Explanation Ref. DebitCreditBalance Jan. 31 31 CR1 Clos. entry G1 Cost of Goods Sold Date Jan. 120 120 120 0 No. 505 Explanation Ref. DebitCreditBalance S1 13,500 13,500 31 CR134,140 47,640 180 47,460 31 G1 Clos. entry G1 47,460 9 0 31 ACRG.1 (Continued) Salaries and Wages Expense Date Jan. Explanation Ref.DebitCreditBalance CP18,100 8,100 8,100 31 Clos. entry G1 0 31 Depreciation Expense Date Jan. No. 627 No. 711 Explanation Ref.DebitCreditBalance G1 125 125 125 31 Clos. entry G1 0 31 Interest Expense No. 718 Date Jan. Explanation Ref.DebitCreditBalance G1 31 Clos. entry G1 31 Insurance Expense Date Jan. 50 0 Explanation Ref.DebitCreditBalance G1 200 200 31 Clos. entry G1 31 200 0 No. 728 Explanation Ref.DebitCreditBalance G1 700 700 700 31 Clos. entry G1 0 31 Rent Expense Date Jan. 50 No. 722 Supplies Expense Date Jan. 50 No. 729 Explanation Ref.DebitCreditBalance CP11,000 1,000 1,000 12 Clos. entry G1 0 31 ACRG.1 (Continued) Accounts Receivable Subsidiary Ledger Bodi Co. Date Explanation Ref.DebitCreditBalance Jan. Balance 1 11 S1 1,600 S1 2,300 1,500 3,100 5,400 22 B. Chen Date Jan. Explanation Ref.DebitCreditBalance S1 3,600 3,600 3,600 3 CR1 0 13 S1 2,700 2,700 22 Mohede Co. Date Jan. Explanation Ref.DebitCreditBalance Balance 4,000 4,000 1 CR1 0 7 S1 900 900 900 11 CR1 0 21 Sueba Co. Date Jan. 1 7 25 Explanation Ref.DebitCreditBalance Balance 7,500 2,000 5,500 CR1 S1 3,500 9,000 Tjong Co. Date Explanation Ref.DebitCreditBalance Jan. 3 9 13 25 S1 1,800 1,800 300 1,500 G1 1,500 CR1 0 S1 6,100 6,100 ACRG.1 (Continued) Accounts Payable Subsidiary Ledger Goh Co. Date Explanation Ref.DebitCreditBalance Jan. P1 P1 P1 5 16 27 5,000 5,000 1,500 6,500 5,400 11,900 Manuwa Date Jan. 1 21 Explanation Ref.DebitCreditBalance Balance 15,000 G115,000 0 Medan Co. Date Jan. Explanation Ref. DebitCreditBalance Balance 9,000 1 CP1 9,000 0 14,200 14,200 9 P1 16 G1 200 14,000 18 CP114,000 0 23 D. Phe Date Explanation Ref.DebitCreditBalance Jan. P1 P1 5 27 2,200 2,200 3,200 5,400 Shihab Co. Date Jan. 1 9 Explanation Ref. DebitCreditBalance Balance 11,000 CP111,000 0 15,000 15,000 P1 16 23 27 CP115,000 0 14,500 14,500 P1 Copyright © 2022 WILEY Weygandt, Financial Accounting, IFRS 5/e, Solutions Manual (For Instructor Use Only) G-51 Copyright © 2022 WILEY Weygandt, Financial Accounting, IFRS 5/e, Solutions Manual (For Instructor Use Only) G-51 ACRG.1 (Continued) (d) KOTO MERCHANTS Income Statement For the Month Ended January 31, 2025 Sales Sales revenue Less: Sales discounts Sales returns and allowances Net sales revenue Cost of goods sold G66 Copyri ght © 2022 WILE Y Weyga ndt, Financi al Accoun ting, IFRS 5/e, Solutio ns Manual (For Instruct or Use Only) Rp79,400 Rp 120 (c) 300 78,980 47,460 Gross profit Operating expenses Worksheet For the Month Ended January 31, 2025 and wages Salaries 31,520 YI LTD. Account Titles expense Trial Balance Rent expense Adjustments Supplies expense Dr. Cr. Dr. Cr. Insurance expense Cash 45,490 Depreciation expense Accounts Receivable 24,000 Notes Receivable 39,000 Total operating Inventory 20,000 Supplies 1,600 expenses Prepaid Insurance 2,000 (1) Equipment 6,450 Income from operations Accum. Depreciation—Equipment Notes Payable 900 Accounts Payable Other expenses and losses (2) Interest Payable 1,500 420 Rp8,100 Adjusted Trial Balance 1,000 Dr. 45,490 24,000 39,000 20,000 700 1,800 6,450 Cr. Income Statement Balance Sheet Dr. Dr. 700 200 125 Cr. 20,000 15,000 10,125 21,395 1,625 Cr. 45,490 24,000 39,000 15,000 700 1,800 6,450 1,625 Share Capital-Ordinary 15,000 Interest expense Retained Earnings 25,700 Cash Dividends Net income Sales Revenue 60,000 Sales Returns and Allowances 18,700 Purchases 800 Purchase Returns and Allowances ACRG.1 (Continued) 79,220 Freight—In 300 Salaries and Wages Expense 51,600 Rent Expense 200 (3) Rp21,345 800 125 300 51,600 (4) Totals 200 KOTO MERCHANTS 180 Supplies Expense 7,900 Insurance Expense Retained Earnings Statement 30 1,000 Depreciation Expense 200,320 Interest Expense For the Month Ended 200,320 January 31, 2025 Totals Net Income Totals (1) Retained Earnings, January 1, 2025 900 (2) Add: Net income 21,345 180 7,900 1,000 900 200 125 30 200,475 200 50,045 (3) Less: Dividends 800 125 Retained Earnings, January (4) 31, 2025 15,000 25,700 50 30 60,000 18,700 15,000 25,700 30 60,000 18,700 800 79,220 79,220 300 200 51,600 200 180 7,900 1,000 900 200 125 30 Rp28,700 82,235 200,475 12,185 133,240 94,420 94,420 121,055 12,185 133,240 133,240 94,420 Rp49,245 30 1,255 1,255 KOTO MERCHANTS Statement of Financial Position January 31, 2025 Assets Property, plant, and equipment Equipment Rp6,450 Less: Accumulated depreciation Current assets Prepaid insurance 1,800 Supplies 900 Inventory 30,855 Notes receivable 39,000 Accounts receivable 23,200 Cash 45,515 Total current assets 1,625 141,270 Rp 4,825 Total assets Rp146,095 Equity and Liabilities Equity Share capital-ordinary Rp50,000 Retained earnings…………………………... 99,245 Current liabilities Notes payable Accounts payable Interest payable Rp 15,000 31,800 _ 50 Total current liabilities Total owner’s equity and liabilities ……. ACRG.1 (Continued) (f) 49,245 46,850 Rp146,095 KOTO MERCHANTS Post-Closing Trial Balance January 31, 2025 Debit Credit Cash Rp 45,515 Accounts Receivable 23,200 Notes Receivable 39,000 Inventory 30,855 Supplies 900 Prepaid Insurance 1,800 Equipment 6,450 Rp 1,625 Accumulated Depreciation—Equipment 15,000 Notes Payable 31,800 Accounts Payable 50 Interest Payable 50,000 Share Capital – Ordinary……………………… _________ 49,245 Retained Earnings………………………………. Rp147,720 Rp147,720 Accounts Receivable balance Rp23,200 Subsidiary account balances Bodi Co. Rp 5,400 B. Chen Suebu Co. Tjong Co. 2,700 9,000 6,100 Rp23,200 Accounts Payable balance Rp31,800 Subsidiary account balances Goh Co. Rp11,900 D. Phe 5,400 Shihab Co. 14,500 Rp31,800 LO 1, 2 BT: AP Difficulty: Hard TOT: 120 min. AACSB: Analytic AICPA FC: Reporting ACRG.2 COMPREHENSIVE PROBLEM Note: If the working papers that accompany this text are not used in solving this problem, account numbers may differ from those presented in this solution. (a) Sales Journal S1 Date Account Debited Invoice No. Ref. Jan. Baozi Co. Lim Co. R. Kang Au & Sons Baozi Co. R. Kang 3 3 11 510 511 512 513 514 515 Accounts Receivable Dr. Sales Revenue Cr. 3,600 1,800 2,900 900 3,700 800 11 B. Bak Lim Co. 516 517 Purchases Journal P1 3,500 6,100 23,300 (112)(401) 22 22 25 25 Date Jan. 5 5 16 16 Purchases Dr. Account Credited Terms Ref. Accounts Payable Cr. S. Chen Koh Co. Bai Co. Oe Sisters S. Chen Bai Co. Koh Co. S. Chen 5,000 2,700 12,000 13,900 1,500 12,500 1,200 2,800 51,600 (510)(201) 16 27 27 27 ACRG.2 (Continued) Cash Receipts Journal Date Jan. Account Credited Au & Sons B. Bak 7 Baozi Co. CR1 Accounts Sales Other Cash Receivable Revenue Accounts Ref. Dr. Cr. Cr. Cr. 4,000 2,000 15,500 3,600 4,000 2,000 15,500 3,600 7 Lim Co. 10 Au & Sons 1,500 17,500 900 22,920 67,920 (101) 13 1,500 17,500 900 12,000 (112) 22,920 55,920 (401) 13 20 21 31 Cash Payments Journal Date Account Debited Jan. Freight In Oe Sisters Bai Co. Rent Expense Cash Dividends 8 9 9 12 15 CP1 Other Accounts Accounts Payable Supplies Cash Dr. Dr. Dr. Cr. Ref. 516 180 9,000 11,000 729 332 1,000 800 Bai Co. Oe Sisters Salaries and Wages Expense 12,000 13,700 400 180 9,000 11,000 1,000 800 400 12,000 13,700 200 200 627 17 7,900 9,880 (X) 45,700 (201) 600 (126) 7,900 56,180 (101) 23 23 28 31 ACRG.2 (Continued) (a) & (e) General Journal Date G1 Account Titles and Explanations Ref. Debit Credit Jan. 9 Sales Returns and Allowances Accounts Receivable— Lim Co. (Issued credit for merchandise returned) 18 Accounts Payable—Oe Sisters Purchase Returns and Allowances (Received credit for returned goods) 21 Accounts Payable— R. Ryu Notes Payable (Issued note for balance due) 412 300 300 112/ 201/ 200 200 512 201/ 15,000 15,000 200 Adjusting Entries 31 Supplies Expense Supplies 728 126 900 31 Insurance Expense (1/10 × ₩2,000) Prepaid Insurance 722/ 130/ 200 31 Depreciation Expense 711 (1/12 × ₩1,500) Accumulated Depreciation— 158 Equipment 31 Interest Expense Interest Payable 718 230 G1 Date Account Titles and Explanations Ref. DebitCredit Jan. Closing Entries Inventory (Jan. 31) 200 125 ACRG.2 (Continued) General Journal 900 120 15,000 125 30 30 31 Sales Revenue Purchase Returns and Allowances Income Summary 401 79,220 31 Income Summary Inventory (Jan. 1) Sales Returns and Allowances Purchases Freight In Rent Expense Salaries and Wages Expense Supplies Expense Insurance Expense Depreciation Expense Interest Expense 350 82,235 20,000 120 31 Income Summary Retained Earnings 350 12,185 12,185 320 31 Retained Earnings Cash Dividends 320 332 (b) & (e) Cash Date Jan. 512 350 412 510 516 729 300 51,600 180 1,000 627 728 722 711 718 7,900 900 200 125 30 General Ledger No. 101 Explanation Ref. Debit Credit Balance Balance 33,750 1 CR1 67,920 101,670 56,180 45,490 31 CP1 31 ACRG.2 (Continued) Accounts Receivable Date Jan. 200 94,420 No. 112 Explanation Ref. Debit CreditBalance Balance 13,000 800 800 1 31 31 9 S1 23,300 36,300 12,000 24,300 CR1 300 24,000 G1 Notes Receivable Date Jan. No. 115 Explanation Ref.DebitCreditBalance Balance 39,000 1 Inventory Date Jan. Explanation Ref.DebitCreditBalance Balance 20,000 1 Clos. entry G115,000 35,000 20,000 15,000 31 Clos. entry G1 31 Supplies Date Jan. No. 120 No. 126 Explanation Ref.DebitCreditBalance Balance 1,000 1 CP1 600 1,600 900 31 Adj. entry G1 700 31 Prepaid Insurance Date Jan. No. 130 Explanation Ref.DebitCreditBalance Balance 2,000 200 1,800 1 Adj. entry G1 31 Equipment No. 157 Date Jan. 1 Explanation Ref.DebitCreditBalance 6,450 Balance ACRG.2 (Continued) Accumulated Depreciation—Equipment Date Jan. No. 158 Explanation Ref.DebitCreditBalance Balance 1 Adj. entry 31 Notes Payable Date 125 G1 1,500 1,625 No. 200 Explanation Ref.DebitCreditBalance Jan. G1 15,000 15,000 21 Accounts Payable Date Jan. 1 31 31 18 21 Explanation Ref. DebitCreditBalance Balance 35,000 51,600 86,600 P1 CP145,700 40,900 G1 200 40,700 G1 15,000 25,700 Interest Payable Date Jan. No. 201 No. 230 Explanation Ref.DebitCreditBalance Adj. entry G1 30 30 31 Share Capital-Ordinary Date Jan. 1 No. 311 Explanation Ref.Debit Credit Balance 60,000 60,000 Balance Retained Earnings Date Jan. No. 320 Explanation Ref.DebitCreditBalance Balance 18,700 12,185 30,885 1 Clos. Entry G1 31 Clos. Entry G1 800 30,085 31 Cash Dividends No. 332 Date Jan. Explanation Ref. Debit Credit Balance CP1 800 800 800 15 Clos. entry G1 0 31 ACRG.2 (Continued) Income Summary Date Jan. No. 350 Explanation Ref.DebitCreditBalance G1 94,420 94,420 31 G182,235 12,185 31 Clos. entry G112,185 0 31 Sales Revenue No. 401 Date Explanation Ref. DebitCreditBalance Jan. S1 23,300 23,300 31 CR1 55,920 79,220 31 Clos. entry G1 79,220 0 31 Sales Returns and Allowances Date Jan. No. 412 Explanation Ref.DebitCreditBalance G1 300 300 300 9 Clos. entry G1 0 31 Purchases Date Jan. No. 510 Explanation Ref.DebitCreditBalance P1 51,600 51,600 51,600 31 Clos. entry G1 0 31 Purchase Returns and Allowances Date Jan. No. 512 Explanation Ref.DebitCreditBalance G1 18 Clos. entry G1 31 Freight-In 200 200 200 0 No. 516 Date Jan. Explanation Ref.DebitCreditBalance CP1 180 180 180 8 Clos. entry G1 0 31 ACRG.2 (Continued) Salaries and Wages Expense Date Jan. Explanation Ref.DebitCreditBalance CP17,900 7,900 7,900 31 Clos. entry G1 0 31 Depreciation Expense Date Jan. No. 627 No. 711 Explanation Ref.DebitCreditBalance Adj. entry G1 125 125 125 31 Clos. entry G1 0 31 Interest Expense Date Jan. No. 718 Explanation Ref.DebitCreditBalance Adj. entry G1 30 30 30 31 Clos. entry G1 0 31 Insurance Expense Date Jan. No. 722 Explanation Ref.DebitCreditBalance Adj. entry G1 200 200 200 31 Clos. entry G1 0 31 Supplies Expense Date Jan. No. 728 Explanation Ref.DebitCreditBalance Adj. entry G1 900 900 900 31 Clos. entry G1 0 31 Rent Expense No. 729 Date Explanation Ref.DebitCreditBalance Jan. CP11,000 1,000 1,000 12 Clos. entry G1 0 31 ACRG.2 (Continued) Accounts Receivable Subsidiary Ledger Au & Sons Date Jan. Explanation Ref.DebitCreditBalance Balance 4,000 1 7 11 21 CR1 4,000 S1 900 900 CR1 0 900 0 B. Bak Date Explanation Ref.DebitCreditBalance Jan. Balance 1 7 25 7,500 2,000 5,500 CR1 S1 3,500 9,000 Baozi Co. Date Explanation Ref. DebitCreditBalance Jan. 3 13 22 S1 3,600 3,600 3,600 CR1 0 S1 3,700 3,700 R. Kang Date Jan. Explanation Ref.DebitCreditBalance Balance 1,500 1 S1 2,900 4,400 11 S1 800 5,200 22 Lim Co. Date Jan. Explanation Ref.DebitCreditBalance S1 1,800 1,800 300 1,500 3 G1 1,500 9 CR1 0 13 S1 6,100 6,100 25 ACRG.2 (Continued) Accounts Payable Subsidiary Ledger Bai Co. Date Jan. 1 9 16 23 27 Explanation Ref. DebitCreditBalance Balance 11,000 CP111,000 0 12,000 12,000 P1 CP112,000 0 12,500 12,500 P1 S. Chen Date Jan. Explanation Ref. Debit CreditBalance P1 5,000 5,000 5 P1 1,500 6,500 16 P1 2,800 9,300 27 Koh Co. Date Jan. Explanation Ref.DebitCreditBalance P1 2,700 2,700 5 P1 1,200 3,900 27 Oe Sisters Date Jan. 1 9 16 18 23 Explanation Ref.DebitCreditBalance Balance 9,000 CP1 9,000 0 13,900 13,900 P1 G1 200 13,700 CP113,700 0 Ryu Date Jan. Explanation Ref.Debit CreditBalance Balance 15,000 1 G115,000 0 21 Copyright © 2022WILEY Weygandt, Financial Accounting, IFRS 5/e, Solutions Manual (For Instructor Use Only) G-63 Copyright © 2022WILEY Weygandt, Financial Accounting, IFRS 5/e, Solutions Manual (For Instructor Use Only) G-63 ACRG.2 (Continued) (d) YI LTD. Income Statement For the Month Ended January 31, 2025 Sales Sales revenue Less: Sales returns and allowances Net sales revenue Cost of goods sold Inventory, 1/1/25 Purchases ₩51,600 Less: Purchase returns and allowances Net purchases 51,400 ₩79,220 300 78,920 ₩20,000 200 Freight-in 180 Cost of goods available for sale Less: Inventory, 1/31/25 Cost of goods sold 51,580 Gross profit 22,340 71,580 15,000 56,580 Operating expenses Salaries and wages expense Rent expense Supplies expense Insurance expense Depreciation expense 7,900 1,000 900 200 125 Total oper. expenses Income from operations Other expenses and losses Interest expense Net income ACRG.2 (Continued) 10,125 12,215 30 ₩12,185 YI LTD. Equity Statement For the Month Ended January 31, 2025 Retained earnings, January 1, 2025 Add: Net income 12,185 30,885 Less: Dividends 800 Retained earnings, January 31, 2025 YI LTD. Statement of Financial Position January 31, 2025 Assets Property and equipment Equipment ₩6,450 ₩18,700 ₩30,085 Less: Accumulated depreciation 1,625 ₩4,825 Current assets Prepaid insurance Supplies Inventory 1,800 700 15,000 Notes receivable 39,000 Accounts receivable 24,000 Cash 45,490 Total current assets Total assets 125,990 ₩130,815 Equity and Liabilities Equity Share capital—ordinary Retained earnings Current liabilities Notes payable Accounts payable ₩60,000 30,085 ₩90,085 15,000 25,700 Interest payable 30 Total liabilities Total equity and liabilities ACRG.2 (Continued) (f) 40,730 ₩130,815 YI LTD. Post-Closing Trial Balance January 31, 2025 Cash Accounts Receivable Notes Receivable Inventory Debit ₩ 45,490 24,000 39,000 15,000 Credit Supplies 700 Prepaid Insurance 1,800 Equipment 6,450 ₩ 1,625 15,000 Accumulated Depreciation—Equipment 25,700 Notes Payable 30 Accounts Payable Interest Payable 60,000 Share Capital—Ordinary 30,085 ………………………. ₩132,440 ₩132,440 Retained Earnings ……………………………... Accounts Receivable balance ₩24,000 Subsidiary account balances B. Bak ₩ 9,000 Baozi Co. . 3,700 R. Kang Lim Co. 5,200 6,100 ₩24,000 Accounts Payable balance ₩25,700 Subsidiary account balances Bai Co. ₩12,500 S. Chen 9,300 Koh Co. 3,900 ₩25,700 LO 1, 2 BT: AP Difficulty: Hard TOT: 120 min. AACSB: Analytic AICPA FC: Reporting Copyright © 2022 WILEY Weygandt, Financial Accounting, IFRS 5/e, Solutions Manual (For Instructor Use Only) G-69 Depreciation Method Straight ② Units of ① bine method - - - ③ Declining 直線法 activity method 活動數量法 - balancemethod餘額虎減法 book value$ useful life { 09 , 1 , 000 , 000 no residual vabue 5 years Depreciation xpene 2 0 , 000 w se wo . 000 Acoumulated deprecration appraisers deeermine the asset has fair value of$ 850 Eqripmene { Acumulatedepreciatiod Equipment Revduation n 1 oo 0000 15 150 , 000 85 surplus 50 ( 200 , , 000 000 ~ 150 000 ) , , 000 Retire computer prinfers Accumulated depreciation { Acoumu lated epd neciation , = which cost $ 32 000 , $ 32 000 , 32 , 000 52 , 000 Eqwipment thae cost $ 18 000 delivery equipmene 000 accumulated depreciation $ 14 Discards = i , , Acumulated epred cration Loss disposal of plant assets 14 , 000 ( 18 000 4 , 000 on Equipment , cash $ 16 , 000 the Furnirure orrginally cost $ 60 000 , of Jan . 1 , 2004 Accumulated deprecration Depreciation xpense ) 8 , , 000 - 1 1 , 000 = 5 . 000 ∞r $ 41 ψ , is 8 000 , → 16 , 000 s , = , 000 = 1 July 8 000 I Acumulared epreciationd 60 000 -(41 , 000 + . 000 16 . On Book Value proceeds from sale → Gain on d 1 ,2 w . depreciation for the firse sixmonths f Jury , 14, 000 ) 18 000 Sellsofficefurniturefor As - . sposalof plantasset 000 $ 8 000 , 「 i July l 16 , 000 cash Accumulated depreciation Equipment Gain on dis posal 49 , 000 60 of plant assets , 000 5 , 000 Assume that instead of selring the offioe furniture for $ 10 000 , Sells July , it for $ 9 000 , . CasAoumulated depreciation disposal of planeassets Eqwipment Lob 3 on 9 000 , 49 2 000 , , 000 60 , 000 , Wrighe PPE ( 不動產廠份設備) 折舊臂 1 111 成本認列P 推銷 P 處份 : .成本認列 2 3 4 . . 估計殘值估討耐年限不扣殘值 . 折蓝分法 ( 直線活動数量餘额道減) 用 ( 用、、、、 5 TA 加速折舊 P9.3 (LO 2) On January 1, 2025, Pele Industries purchased the following two machines for use in its production process. Machine A: The cash price of this machine was R$35,000. Related expenditures c , , included: sales tax R$2,200, shipping costs R$150, insurance during shipping R$80, installation and testing costs R$70, and R$100 of oil and lubricants to be used with the machinery during its first year of operations. Pele estimates that the useful life of the machine is 5 years with a R$5,000 residual value remaining at the end of that time period. Assume that the straight-line method of depreciation is used. 1 J Machine B: The recorded cost of this machine was R$80,000. Pele estimates that the useful life of the machine is 4 years with a R$5,000 residual value remaining at the end of that time period. Instructions a. Prepare the following for Machine A. 1. The journal entry to record its purchase on January 1, 2025. 2. The journal entry to record annual depreciation at December 31, 2025. b. Calculate the amount of depreciation expense that Pele should record for Machine B each year of its useful life under the following assumptions. 1. Pele uses the straight-line method of depreciation. 2. Pele uses the declining-balance method. The rate used is twice the straight-line rate. 3. Pele uses the units-of-activity method and estimates that the useful life of the machine is 125,000 units. Actual usage is as follows: 2025, 42,000 units; 2026, 37,000 units; 2027, 28,000 units; and 2028, 18,000 units. ( , 二「。 P9 3 . 1 , { machineA 買價 R $ 35 , 000 o 80 成本 37 500 cash R$ 37 500 , Z - machine B 1 4 residual value Year 1 2 3 4 : ) 5 000 ÷ 5 = R$ 6 500 , , 6 500 . 6 500 , 米 Eqwipent 午 8( , : - , : 25 % . R$ 80 000 aseful life ( 37 500 Accumacared 2 epreciae: on , 号 Cost = R$ 5 , 000 : Depreciation xEpense 2025 : 5年 : depneciation 00 ) ? A , residual value 150 ( , useful rife 2 , wo 7 Equipment 37 500 0 ,000 - . 5 000 )÷④= k $ 18, 750 年 2 R$ 5 , 000 25 % × 2 % 50 = { BV % depre Eap R$ 80 . 000 50 % R$ 40 000 R $ 40 000 R $ 60 , 000 . . , 4 0 , 000 50 % R$ 20 000 20 , 000 50 % R 10 , 00050 % , $ R$ 10 , 000 R 5⑩ Acc depne . . , k $ 70 , 000 $ 75 , 000 ~ ㄑ由後往前推 ⑩ , 000m = . 殘值80 , 000 - 75 5 湊出來固定 . ( 800000 - 5 , 000 ) 125 , 000 米 per 0 = evize 2025 = 42 , 000 × 0 6 = R $ 25 , 00 . 2 ∞ 26 = 37 , 000 × D 27 2028 = 28 , = 18 , 000 × 0 000 × 0 . 6 =R $ 22 , 20 0 . . 6 4 ⑤ 成本 $ 37 500 折舊 6 500 RV = R$ 16 , 800 = 米 R$ 10 , 800 Depreoration Expense 嚚 { Accumulated Depreciation , . 6 500 6 500 , , $ 31 , 000 1 . 報廢 ① 完全折舊 ( RV = 0 ) { Acc Depre : Equip 37 500 , 37 500 , , ② BV $ 31 , 000 个 s嘴posalDfEqaipment Eqwip 口、 3 6 500 . 31 , 000 37 500 , 、「「 2. 出售賣书 ) 36 , 000 ( 賺 $ 5 000 36 000 cash , Accumulated Depreciation 6 , 500 Equipment Gain on 37 500 , Disposal of Eqwip mene 賣 $ 29 000 ( 賠 , ) 2 . 000 29 000 , cash Acoumulated Depreciation LOss on Disposal of Eqwip Equipment 5, 000 6 mene 2 , . 500 000 37 500 , ② : 1 是流動負債非流動負債地哈 , Bp 公司債 Stated Rate 票利率 12 ( Interest ) 2 3 . . Market Rate 市場利率 10 % ) → 到期時應清償之額額 (本 Face Value % n =5 × Y% × 1 1 發 100 , 000 × 12 % ” 價格 σ ) 12 , 000 現值火 12 , 000 p " " ” t ( 1 +10% I ( 14 ( 0% ) 本㱒 1 " $ 100 000 , 2 (2 , 000 + " " , 00 , 000 11410% ) 金面金 ( ×5 步 50 : 行。面十十十 π TA : P 值現假設 × 發本 : y { → 100 , 000 ( $ 107985)n 發 107 985 CaudsPayable 可 i , , BV =$ 107 985 , Interest Expense Bouds Payable ② 8, 639 1 361 ③ , 10 , 000 cash 可之 BV 行行金行 1. , 溢價發 ( 100 , 000 × 10 % ) × 票 10 % 市 8% 107 985 , 12 ( , ( 107 985 × 8% ) × 1 = 5 = 107 , 985- 1 . 361 =$ 106 624 , ① ) , ㄨ2 i ㄋ 2 ) % Interest Expense 8 530 Bonds Payable 1 470 , , cash ( 100 , 步管上 10 , 000 000 × 10 BV : %) 106 , 6 ~ 4- 1 , 470 =$ 105 154 , ☆ 卡 BV會逐漸接近本号! 清償 i Bonds Payable cash $ 100 000 , 100 , . 第 5 年的 I 1E . 進位以 PBV = 本為主 , 000 100 000 , 金 x5 金氵止小 ×8 % ( 106 624 B 1p 数點 , 1 Bonds Payable 103 566 , ③ 434 ③ 2053 on Bonds Redemption cash 104 000 , D Totalcost fBorrowing 各年 InerestExpense 的總和 : = = 8639 + 8530 + 8412 + 8285 + 8149 $ 42 015 , × 票率xn = 100 , 000 × 10 % 期各年BondsPayable 的總和 × 5 - ( 107 985 , - = $ 42 , 015 ) 100 000 溢價摸维銷金二支付 $ 104 000提早贖回 ( 清償 ) 若× 3 . 本 ( 票内市 □ J E11.12 (LO 5) Lorance SpA issued €400,000, 7%, 20-year bonds on January 1, 2025, 發 for €360,727. This price resulted in an effective-interest rate of 8% on the bonds.圣 Interest is payable annually on January 1. Lorance uses the effective-interest ) 折價 method to amortize bond premium or discount. Instructions Prepare the journal entries to record the following. (Round to the nearest euro.) a. The issuance of the bonds. b. The accrual of interest and the discount amortization on December 31, 2025. c. The payment of interest[ on January 1, 2026.J J c a . 2025 ÷ Cash { Bonds Payable b ( 360 , 727 1 8% ) × Interest Expense 360 727 , 360 , 727 ③ 28 858 , 号Bonds Payable Interest Payable (400 , 000 × c 858 28 000 , 7%) . Interest 49 cash 06 ☆ 2∞ 2025 Payable 28 000 , 28 000 , 6 影利息相瞪分錄号 BV $=$ 360 27 + 858 , =$ 361 585 , 金行 1 Interest Expense ( 361585 × 8% ) 28 927 , Bonds Payable Interest Pay able c 400 , 000 ×7 ) % 927 28 000 , ③ o 二 EPS = Earning pershare 每股盈餘 3 WetIncome → 普通股獲配淨利 Weighted Average Ordina 加權平均普通股孙 Dutstand rng share 流通在股敏外、「「 cash 影 % 121 500 , 000 Mortgage payable 500, 000 × 6% ( 半年 ) 30 , ② → Interest 000 3 , 23 | Mortgage Payable ③→ Principal , % sold $ 92 639 → , , Discount $ 7 361 92 639 × 6 % 1 ③ 558 ③ ② 5 000 ① D王 Interest Expense 5 558 , Bonds Payable cash 100 , 000 × 5 , % ( 半年 ) , ② , 厃 ① 33 23 | cash 10 , 500 , 000 Interest Expense $ 100 , 000 , $ 33 231 , MR = 6 直線攤銷法 % $ 100 , 000 10 , % , 108 , . 11 × 4 只 { Interest EXpense sold $ 108 par 11 → Premium $ 8 , 11 , MR = ② 4 , 324 ③ 676 Bonds Payable cash 100 , 000 × 5 , 5 000 , ① % value issues 1 , 000 shaves for El issued for tl al 1 , 000 shares 1 , 000 shares are issued for are par value t 5 ordinary pershare per share shares . 4 % 「 1 , 000 × t 1 ai cash 11000 Share ) i Capital cash 1000 X Share par value 5 1 Capital - 000 , , , 000 000 € 1 - share Premium issues Ordinary 5 1000 × ( ε 5 No - - Ordinary - ε 1 ) 1 , 000 4 , 000 Ordinary seaeed Value shares for € 8 per share of € 5 stated value no - par shares 。「 1 cash 5 5 000 ×€ ☆ stated , Share share Capital 40 , 000 value 替代 ParValue Ordinary Premium Ordmary 25 000 - , 15 - , 5 . 000 × ( € 8 ε 5 ) - No par value cash 40 Share Capieal 5 , 000 × 8 ☆ Ordinary , 000 400000 所有 $ 都當作 ShareCapital 000 「 $5 4 , $ 4, 000 ? 000 ? 000 shares , Which → for El is more share Premium - - . par value OrganizationalExpense 開辦費 5 Share capieal reliable , 000 Ordinary 4 ordinary 1 , 000 , 000 acquires i 4 , 000 of its stock at shares cash 320 sells for $ 100 per share 1 , 000 acquired at $ 80 per share ( share , shares 000 of its Treasury shares previously , > $ 80 ) price selling 100 , 000 cash Treasury shares share Premium per 320 , 000 Treasury Shares i $ 80 - Treasury 80 , 000 20 , 000 一生 sells an additional 800 Treasury hares at $ 70 per share ( { Selling price < $ 80 ) cash 56 share Premium Treasury A Sells its _ Treasury Shares remaining ☆ 2 , , 000 8 000 , Discount 時換到 Dr . 64 000 , shares at $ 70 pershare ( <$ 80 P ) 200 Share Premium - Treasury 201000 8 , 000 7 12 , 000 1 cash 154 000 , share Premium Reeained - Treasury Earnings Treasury shares 12 , 000 10 , 000 餘下的 SharePremium 借 Retained → 不夠了 > Earrings 176 , 000 . 生一言 5 Facevalue $ 300 , 000 , TA soldatl =$ 312 10 $ 300 000 ×年 , , 000 Authorized shares ( Standng lssued Out cr Shanes Equity 無借分餘額 ☆ Shares = lssued Shares . - Treasuy Shares Contra - ② Equiey 取得現 Cash - 非取得現 1 非現資產 Land Equipment : . ( 取得服務通常以市場價入帳 ) : 法律訴訟出支金用金金 Organization Eapense 開辦費一 ( E12.8 (LO 2) On January 1, 2025, the equity section of Bergin Stores shows share capital—ordinary (£5 par value) £1,500,000; share premium—ordinary £1,000,000; and retained earnings £1,200,000. During the year, the following treasury share ( , ( ) transactions occurred. Mar. 1 Purchased 50,000 shares for cash at £12 per share. July 1 Sold 10,000 treasury shares for cash at £14 per share. Sept. 1 Sold 8,000 treasury shares for cash at = £10 per share. Instructions a. Journalize the treasury share transactions. b. Restate the entry for September 1, assuming the treasury shares were sold at £9 per share. 9 al 衫号 aq 600 000 cashTreasuryShares i , 600 000 , 140 , 000 ① Cash Shave Premium Treasury 20 - Treasury Shares 1 Treasury 80 l - Treasury , 000 16 , 000 Shares 96 000 , SP Treasury - 100001器 bi 1 1 cash Share Premium Retained ③ 000 120 , 000 cash Share Premium , 72 000 D 4 , 000 ③ 201000 ④ , - Treasury ② I Treasury Share n 6 , 000 ② ① c □→ 9 d =→ momths 个 : 18, 000 ÷ 1 z = 1 500 号 . 1 . 500 多多 4 500 , c Expense db d o ☆ow x 交 0 ≈ o o × , 3540 , ㄤ ( ☆ Q → 含 tax 額告 88 500 × 2 % = 10 620 ×红 ∞ d O4monens ) 11 ( , 5 還原 ① , = 4 300 , cx db 8 o WarraneyErenseWarrontyLiability 7542300 { lashaalespence 55028 4 . { 二一 . 285 一一至一一金一一一一一一、一、一一心一口 b a ( 96 19 { , = 1 - + 18 800 Q _ Q , 19 928 cash , Sales Rev adedaxs d , ( 18 800 , . Payable 1 , 128 →→ ] [ J 一一一一一 a o→ ch 13 nee inome ) Other Comprehensivenet Inome 其他綜合損益 t comprehensive Income Investment 投资收到利息收入 , Debtlnvestment 債券投資 ,費成本續 Amortized Cost 按攤銷後成本衡量之融資產收取本及利息 ① (長期 ) ” 續費出 TOCI 成本 ①+ VF 透過其他綜合損益按公允價值衡量之融資產 2 售成本公颂價值未實現損益已實現重分類般損益交易持有(( 長期短期 /) 3 F VTPL → □= 透過損益按公允價值衡量之融資產专交易持有金而金一金手手力 ( 短期 ) 金 ↓ 費續費 . 用手 415 TA 不能重分類損益 ! ☆→ FVTOCI “ : 非特有供交易且指指定 → 般 ?? (x ) 20 FUTPL :持有供交易 ( 普遍 ) . Equiey Method 採 1 F 力具控制具影響 1 20% VTOCIEqury FUTPL 力權益法認列之長期投資 ) 股權比例 % Eqwiey 50 method Methd 合併財報一 3 用一十 ShaveInvestment權益投資長期持有 “ E13.3 (LO 1) c Brook Ltd. purchased 70 Meissner AG 9%, 10-year, €1,000 bonds on ∅ January 1, 2025, for €70,000. The bonds pay interest annually on January 1. Brook’s business model is to hold these bonds to collect contractual cash flows and o o 1 o sell. The market value of the bonds was €70,525 at the end of 2025. On January 1, Ψ 2026, after receipt of interest, Brook sold 40 of the bonds for €40,300. 收本 1 Instructions 上 Prepare the journal entries to record the transactions described above. FVTOCI 出售 4 o 股票投資 FVTPL E13.5 (LO 2) Spring Ltd. had the following transactions pertaining to investments in ordinary shares. The investment is classified as ① trading. → FVTPL Jan. 1 Purchased 2,500 ordinary shares of Angeltide Limited (5%) for €142,100. July 1 Received a cash dividend of €2.80 per share. Dec. 1 Sold 500 ordinary shares of Angeltide Limited for €31,200. Dec. 31 Received a cash dividend of €2.90 per share. The market value of Angeltide shares was €61.5 per share. Instructions Journalize the transactions. 持有供交易 o ^ ③ E Finanvial Assets at FVTOCI Debt - cash { 㱒 Interest Revenue ( 70 . 000 × 9 + 525 , 6 300 , 6 , 300 % ) 70 000 → 70 525 , , , Interest Receivable 窸 { 90 000 70 000 應2025 Fair Value { Unrealized Adjust ment FUTOCI 525 - Gain or Los3 525 on Financial Assets at FUTOCI 金「一一一一一。二、 o 債券投資 FVTOCI - Debt 嶲 ☆ i i 重分類般損益帳 ⑤ E1 { 6 300 , ① 40 , 300 00 ) ( 70 Debt Fiuancial Assets at FVTOCI cash 未實現轉已實現結 , 000 × - Fair Value Adj ustments ② 300 ③ FVTOCI 40 ( 525 0 ) × - 40 , 000 4o 525× 0 Unrealized Gain or Loss on Financial Assets at FUTOCI Debt - GGain on Sale 卡 { 股利 300 of Finanoial Ashets at FUIOCI Dehe On realized Gain on - Financral Assets at FVOCI-Debt 300 525 AOCI 525 143000 FinaucialAssetsatFUTPL Equiy - 卡i 一斤 { CerestReceivable 6 , 300 143 , 100 cash 9 Cash ( 2 , 500 ×$ 8 / Dividend Revenue . 000 17 000 , 早此售 0 調整價值 505 142 100 ×≈ , ( 出售 1 + 2 780 , = 28 420 % Fair value Adjustment Gain Cash on >$ 31 200 , , - FUTPL Financial Asbets 500 600 * ≥ 500 = 28420 - 2 , 980 FUTPL 2 , 780 D 31 , 200 ) 之 Financial Assetsat FUTPL -Eqaiy , 28420 ③ 780 ③ Fair Value Adjastment FVIPL - 步收到現 Cash 2 2500 500 只剩股利 { Dividend 2, 000 - = 2000 , ×$ 2 9 5 . , Revenue , 股 800 5 , 800 + 9 , 320 金調整 : 142 100 × , 2500 = 113 , 680 → 2 , 000 ×$ 61 , 5 - $ 123 , 000 一 Fair 个 Debe Value Adjustment Gain on o FUTPL 9 320 . Financial Assets at FUtPL Amortized Invesement - 9 , 320 Cost ← o Illustration: Kuhl NV acquires 100 Doan SA 8%, 5-year, €1,000 bonds on January 1, 2022, at a cost of €100,000. Interest is payable each July 1 and January 1. The market interest rate is 8%. This bond investment is classiﬁed as ﬁnancial assets at amortized cost. The entry to record the investment is: o 2022 ÷ o o Financia l Asset at Amoreized Cose { cash 100 . 000 号 { CaerestRevenne × × … , 000 8 % 㱒 { 100 , 000 告) , 4 000 … Interest Receivable Interest 4 000 Revenue , 4 , 000 4 . 000 竹管{ “ cash \ nterest 4 Receivable , 000 4, 000 Assume that Kuhl NV holds the bonds until the maturity date of January 1, 2027. The journal entry is: cash Financial Assets at Amortized Cost 100 , 000 100 , 000 Debt ≠ 重分配 FUTOCI [ 成本 Equity 變動價值未實現 → 已實現損益一至損益一般損益不得重分配公允價值 → 至《丢 TA 般損益 → AOCI 轉入 R / E 保留盈餘行 P13.3 (LO 2, 3) On December 31, 2024, Ogallala Associates owned the following securities, held as a long-term investment. The securities are not held for influence FVTOCI or control of the investee. Ordinary Shares Shares Carlene Co. Riverdale Co. Raczynski Co. 2,000 5,000 1,500 Cost ⑤= ⑩ £60,000 45,000 30,000 13 Ogallala made an irrevocable option to measure the equity investment as fair value through other comprehensive income. On December 31, 2024, the total fair value of the securities was equal to its cost. In 2025, the following transactions occurred. Aug. 1 Received £0.70 per share cash dividend on Carlene Co. ordinary shares. Riverdale Co. for cash at £8 per share. 5000 × 3000 Sept. 1 Sold 2,000 ordinary shares of o Sold 800 ordinary shares of Carlene Co. for cash at £33 per share. 1 200 Oct. 1 2000 S Nov. 1 Received £1 per share cash dividend on Raczynski Co. ordinary shares. 3000 Dec. 15 Received £0.70 per share cash dividend on Carlene Co. ordinary shares. 31 Received £1 per share semiannual cash dividend on Riverdale Co. 1200 ordinary shares. At December 31, the fair values per share of the ordinary shares were Carlene Co. £32, Riverdale Co. £8, and Raczynski Co. £18. Instructions a. Journalize the 2025 transactions and post to the account Financial Assets at FVTOCI—Equity. (Use the T-account form.) b. Prepare the adjusting entry at December 31, 2025, to show the securities at fair value. The shares should be classified as non-trading securities. o o al ) { Cash ( 2 , 000 ×$ 0 7/ DividendRevenue 共出售50002000 话 = , . 1 , 400 , 400 1 價值調整 45 , 000 ×= >⑩ 00012 - 18 , , 000 ×$ 8 = 16 000 , Unrealized Guin or Loss on Financial 2, 000 Assees at FVTOCI Farr Value Adjustment - FUTOCI 2, 000 Cash i 16 ( 2 , 000 ×$ 8 ) Fair Value Adjustment × - , o 000 ③ 2 , 000 FVTOCI ⑩ 18 at FVTOCI Financial Assets ( 450000 ㉗ ) 未實現轉實現纔 { Unrealized at h1 $ 600000 1 o T {  5 - 号 , 價值調整 + 2 , 004 : ① 2, 000 : $ 24000 7 , Adjusement - 800 ×$ 33 =$ 26 400 , FUTOCI 2, 400 Onrealized Gain or L 0 ss on FA at FUTOCI - ① ② 2, 000 AOCI 5 2, 000 OCI Reeained Earnngs Fair Value ( 䥴 × Gair or Loss on FA FUTOCI 早出售 000800 ㉗ 2 000 , AOCI  「出售的 2, OCI 800 ×$ 33 ) 26 cash airF Value Adj ustment FVTOCI - Financial Assets at FUTOCI Equrey - ( 60 , 000 × ) 400 , D 400 2 , 400 ⑩ 24 , ③ ② { Ourealized EVTOCI - Gain on FA at OCI 2 , I Dividend 0 2 , 400 . 1 , 500 840 7 ) Dividend Revenue Cash 400 400 Revenue Cash $ , 1 , 500 ( 㱒 1 400 2 [ cash ,00 ×$ ) T , AOCI 1 AeeninedEarrnys 步 2 $1) (— 300 Dividend Revenue 840 3 , 000 3 000 , Financial Assets at FU OCI - 2025 个 $ 135 , 000 9, 18 , 000 早 24 20251 bal $ 3 , 000 000 , 「 b )成本 ) ④$ 601000 45 1000 ②$ Racy , ×司 @ 1200 ×$ × 57 ③ 3000 ×$ 8 Racy 1500 × $ 18 $ 30 000 , - $93 調公允價值 3 , 600 , Unrealized Gain or Loss on FA at FUTOCI - , 32 $ 89 ⑩, 了 , 600 OCI 整 Fair Value Adj ustmene - FUTOCI 3 , 600 二結帳 i ∵ AOCI unreatized Gain or Loss on FA at FUTOCI ② 3 , 600 - OCI 仍是未實現損益 ( Equity ) 無AOCI 轉它分錄 3 , 600 ① Income before 8 non - Income tax ⑨ ② Gain , , Losses ( { Amoreization Expense θ Interest eRvenue { Dividends Revenue ResultFrom Investing Income taxes paid → erese I In and 中 Interest and Operating Depreciation Expense cash expenses ④ InterestExpense o , outflow DividendsReceived → inflow Financing) Indirect Method Non - cash Interest Depreciation Expense Charges Ppatent Amortization Expense ⑨ on an Accrual Basis Current in Assets mw { Interest Expense ∅ Inerest Revenue ② Loss on Disposal of Plane Assees ⑦ on Disposal of Plant Assets ⑦ { Gain Gain and Losses Changes ∅ ⑨ Increase in current Assets Account I 1 ⑦ Decrease in current Assets Account 切 θ IncreaseincurrentLiabilities Account and current Lrabilities o Decrease in current Lra bilities Account um 共 Tuxes and luterest Paid 号 Pai d Pai d mewesst [ qTA Ch13 補充題⽬：按攤銷後成本衡量之⾦融資產（溢價發⾏） o On April 1, 2026, Roosevelt Company purchased 12% bonds having a maturity value DuR of $500,000 for $537,908. The bonds provide the bondholders with a 10% yield. / They are dated April 1, 2026, and mature April 1, 2031, with interest received March 31 of each year. Roosevelt's business model is to hold these bonds to collect contractual cash flows. Instructions a. Prepare the journal entry at the date of the bond purchase. b. Prepare the adjusting entry to record the interest and the amortization for 2026. c. Prepare all necessary journal entries for 2027. d. Prepare the adjusting entry to record the interest and the amortization for 2028. @) PU , FU = ( % 500 000 × 12 1 + MR) % 1 n 60 , 00060 , 00060 , 000601000 ( 601000 Present " 1 利息 value = 500 , 000 × 5001000 ( 本 ) P5 10% +5000000× 12 × P 5 10% % . , =$ 537 908 , n Financial Assets at Amortized COst 537 , 908 cash 537 908 , (b ) 2026 号 i ( 5002000 × 12 % × , 告 ) Financial Assets at Amortized cost Interest Kevenue (537 908 % 告 ) , cc ) 2027 金 1 i o 45 000 Interest Receivable × 10 cash ( 5000000 12 % ) × 4 657 40 343 , , Financial Assets at Amortized Cost Interest Revenue (537 908 I neerest Receivable , ③ o 60 000 × ③ . 552 ④ % × ) 3 , 448 ③ 45 000 ② 1 , × 00 , 。 2027 / 2027 1 nterest Receivable 12 % ( 500 告 2 引 1 BV , 000 × = 537 908 4657 - , × - 1552 =$ 531 , ㉗ 45 000 , ) Financial Assees at AC 5 123 Interest Revenue 39 877 C 531 , 699 × 10 % 699 × 告 ) , , ③ ① Operating 營業活動找出淨利和现差異 , 考找數字詢整差異 , , 從号易編製 : 實县間接法 · 直接法另找出收款/付款額計算煩 : , Investing 投資资活動 ex 購λ 此售融產 Financing 融資 / B/ ㄣ , PPE 等資活動好發股份 , 公司償還公司債買回庫藏股發現股利 A L CA cㄥ NCA NCL operatng 融資產 e 金行金麻金 , 金金「告q TA investing E Finanoong Note - won - cash | & F @ ④發股份取得資產資產負績表損盖表權益變動表里行金現流旦表 I → 應計基礎 Accrual Basis CashBasis 1 ← 差異調整一 income Statement $XX { ABales Sales Revenue XX ㄨㄨ cogs Operating Expense DepreciatronExpense L ss on Disposal of Assets Inberese Expense 0 Income Before Income Tax ㄨㄨㄨㄨㄨㄨㄨ x ㄨㄨ Income Tax Expense Nee Income ( ep ㄨㄨ { cash Loss e 中 $ㄨX 階 00 . 會影響損益但不影響現的項 1 @ DepreciationExpense ≠④ Cash 付但使 Neelnome ↓≠④ e GainonDisposal ④ Operating 現 , 2 . 但使NI ↑≠② NI ↓ Loss P 調整不同年度的資產負債表 (B/s ) 變動 CACL … ! :n 借儼 cash , 負 “ A/ P 0 目 . cassho 金 B ; 資苦白 A 金支「間接法調整事項付利息所得税 /收到股利的 , 力、支 3 → 發出股利 Operating , Finaning 利息收入十 E14.7 (LO 2, 3) Meera Ltd.’s comparative statements of financial position are presented below. Meera Ltd. Comparative Statements of Financial Position December 31 2025 Δ 2024 6 , 000 Land £ 20,000 £ 26,000 o Buildings 70,000 70,000 Accumulated depreciation—buildings (15,000) (10,000) + 5 000 2 Accounts receivable 20,800 23,400 600 , Cash 17,660 10,700 + 6 960 Total £113,460 £120,100 6 , 640 Share capital—ordinary £ 75,000 £ 72,000 3 000 Retained earnings 26,090 20,000 + 6 09 o Accounts payable 12,370 28,100 15 730 Total £113,460 £120,100 Additional information: 1. Net income was £22,590. Income tax expense and paid were £5,600. Dividends declared and paid were £16,500. 2. All other changes in non-current account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for ,000 £5,000. 1 000 5 Instructions 6 000 a. Prepare a statement of cash flows for 2025 using the indirect method. b. Compute free cash flow. - , - {“ % 000 , . - , , - 如 c {ndLoss , ⑯ , . . li aChflowsfrom operating activities Income before Income tax ( 22 59045 , , 600 ) $ 28 190 , Adjustmenes : decrease on IR $ 2 600 decrease on Alp ( 15 730 ) Loss on Disposal , , of land Depreciation Expense Cash from operation 1 5 , , 000 000 (7 , 130 ) 21 , 060 Income tax Payments Nee cash ( 5 600 ) . provided by Cash flows from operating Investrg sales of Land - Dividends ⑩ , 5 , activities ⑩ 5, Cash flows from Fnan I ssurance acti vities cing activities of Ordinary Shaves paymene Nee Cash used by 3 , 000 ( 16 500 ) , financing activities o ( 13 500 ) , √ 6 1960 Net increase on cash 10 , 700 $ 17 , b FCF = Operatingactivities 的 CF ② 資本出 ② 現 = 15 460 支金 , 股利 - 0 - 16 , 500 =$ ( 1 040) * , 言 1chz prace 12 - 15 产 1 cash 1 三 28 12 , 000 , 000 9 share Capital - Share Premium Ordinary - Ordinary Organization Expense shave Capital 10 2 , 000 000 000 , 000 , 600 000 , 500 000 ordinary Shave preminm Ordinary - , 100 - , 000 3 , 750 , 000 cash l Capita share . - Share preminm Preference - Preference 1 , 500 2, , 000 250 000 , 12 - 18 号 { TreasunyCash I 9 Shares 180 , 000 180 , 000 700000 cash Treasury Shaves Share Premium Treasury - 60 000 , 10 , 000 门 12 - 30 Jennifer MV Statement of financial position Equity share Capieal 10 , 000 , Preference 8 % shares authorized , € 400 € 1 ooparvalue , , 000 4 000 shares issued and , oueseanding Share capieal ordinary € 3 parvalue , , 900 000 600 000 shares authorized , 300 , 000 shares issued and , , , 285 000 shares , outstandng Share premium share premium share premium - - - ( 300 000 preference ordinary , - 15 000 ) . € 25 000 , 380 , 000 4 72 000 , , Earwings Less : Treasury Shares Total Equiey 000 Treasury 610 Retarned . , 50 , € 2 , 000 000 337 000 , 二 12 - 3 | 2025 2024 ac ) Nee Income Dividends - ( Prefevence ) Reeurn on ordinary shareholder s ' equiey 20 12 - 1 % = 42 000 . lo 2 ( BE ) 38 壬期初 9期末1 / ( { , cash share Capital ordinary - Share Premium - Ordinary 15 , 000 217 , 00 25 % 2 Treasuasn 6 000 Shares C 6 ooxtro ) , 6 000 , 5 200 秀9 , cash Shares Treasury ( 400 ×£ 10 ) 4 000 , 1 , 200 Share Premium Treasury - 3 , Reeained Earnings 最个 Dividends payable 号个 Dividends payable cash 1401000 1401000 n 40 000 , 140 , 000 一 4 a . Before Afeer Dividend Dividend Equity Share Capital - Ordinary Share premium Retained - , , , , Ordinary , 000 540 000 , 1 , 000 Earnings roeal Equiey b ε 3 450 € 3 000 000 € 5 par , 10 , 000 000 £ 4 000 000 , € 4 . 000 , , 000 . Out standing Shares : beforef € 3 , 000 , 000 600 000 × 15 % , = ÷€ 5 = 600 , 000 shaves 90 000 , 600 000 + 90 000 = 690 000 shares → Afeer , , , I c 5 par value ChrisBeck Ltd . € 5 € 5 . Retained Earnings Statemene December 3 1 camount in thousands ) For the Year Ended , 2025 Balance January 1 HK $ 400 000 , , 107 000 Addi Nee Income Less : Cash Dividends Share Dividends Balance , December 31 , HK $ 50 000 507 000 , , 10 , 000 60 , 000 HK$ 447 000 , 丹 6 Phoa Eueerprises . Statement of Finanoial Position ( partial ) CHK $ inthousands ) Equiey Share Capital Ordinary HK$ - , 501000 shares par value , issued and 48 000 outstandrng shaves HK$ 100 , 000 , Share Premium Retained 2 _ 40 , 000 Ordinary 65, 000 Earnings 17 Less : Treasuwy Shares Toeal Equiey HK $ 000 , 188 000 , 12 1 ( PracticeEacercises ) 40 - . 是 6 E 7 π { 35 , 000 Expense organized { 1 share Capital ordinary Share Premium Ordinary 25 000 - , 10 . 000 - 370 000 cash Share Capieal , - Ordinary S hare Premium - 70 Ordinary . 000 112 , 000 cash Share Capieal 300 , 000 - share premium Preference - Preference 100 , 000 12 , 000 8 [Treasuryash 20 Treasurycash { i cash 70 , 000 Shares 70 Shares , 250 Treasury cash ( 2, 000 250 000 Shares Premium 000 . 000 106 , 000 ( 2 , 000 ×€ 53 ) shares , (2 - , 000 ×€ 50 ) 1001000 6 , 000 Treasury 96 000 ×€ 48 ) , Share Premium Treasury - Treasury Shares ( 2 , 000 ×€ 50 ) 4 , 000 100 , 000 。、 1 cash ( 1 , 000 × t 43 ) Share Premium Retarned - Treasury Earnongs TreasuryShares 43 , 2 , 000 000 5 , 000 (1 , 000 50 ×€ 50 ) 3 , 000 2025 d € Toeal Dividend Declaration ( Allocation toPreference shares2001000 Re mainder to Ordinary Shares × 6% ) 50 , 000 ( 6 , € 44 , 000 ) 000 b 2025 . Toeal Dividend Declaration A 1 location to € 50 Preference Shaves . 000 ( 18, 000 ) ( € c 00 000 × 6% × 3 ) , Remainder c 㱒 { to Ordinary Cash Dividend n ividends Payable € 32 , 000 Shares 50 , 000 50 000 , 4 . 6 厉 Cash Dividend { Dividends Payable { ㄧ 2 T5 Dividends payable 1 , 200 , 000 1 , 200 , 000 1 , 200 , 000 1 , 200 , 000 cash cash Dividend { Dividends Payable 1 464 . 000 , 1 . 464 000 , 5 Rabb AG , Retaiued Earnings Statement For the Year Ended December 31 Balance , 340 Add Nee Income Cash Dividend € 100 , 000 share Dividend 180 Balance , December 31 25 € 400 , 000 January 1 : Less : W 2 , , 000 , 000 740 , 000 280 , 000 € 460 , 000 。 12 1 42 ( Practice Problems ) - . 1 7 T i 3 200 , 000 cash , Share Capieal Share Premium Land ( 100 , ordinary - - 000 × k Share Capital ITreasury cash rdinary 1 825 $ 8 25 ) . Ordinary ( 100 - share Premium o 2 - Shares , 000 × , , 000 200 , 000 000 , R$ 5 ) Ordinary 500 90 000 , 90 000 000 , 325 , 000 , , 000 厃 i cash 40 , 000 Shares Treasury S harePremium 36 Treasury , 000 4 , 000 - b Equiey Share Capital 1 , 000 , 000 Ordinary sharesauthorized 494 000 shares , - , , R$ 5 parvalue R$ 2, 500 , 000 , 500 , 000 sharesissued , ouestanding share Premium Share Premium Ordinary Treasury R $ 1 525 , - - +) 4 , , 000 000 1 , 529 000 , 竹𨚫工 Retained Less : Earnings Treasury Total 200 , 000 54 , 000 Shares ( 6 000 × k $ 9 ) . Equity R $ 4 175 000 . , , a cashDividends 390 , 000 390 , 000 Dividends Payable Dividends Payable cash 390 , 000 390 , 000 一 Nojournaleneryfor y ☆ 260000 shawes × 2 8 T 8 ㄋㄧ 1 { = 520 , shares 000 , Sharesprit t 520 , 260 000 , Distributable ( 52 000 ×€ 5 ) - m Ordinary Ordinary Share Dividends 260 , 000 260 , 000 Distri butable Share Capieal - for 000 Ordinary Shane Dividends Share Premium - Parvalue ε l 0 个 2 =€ 5 ( 000 × 10 52 , idends inD Share ) , (2 Ordinary 260 000 , - 1 ) 一 ☆ 毕 520 , 000 + 52 , 000 shares { Cash Dividends D ividends ( 572 , 572 , = 000 × t 1 5 . 2 ㄋㄧ { shares 858 000 ) , Payable 858 000 , income summary 㱒 { Retained 000 600 , 000 600 Earnings Reeained Earnings cash Dividends Share Dividends 1 , 768 , , 000 000 1 , 248 , 000 520 , 000 、、 b Equity ( 572 ShareCapital , 000 ×ε 5 _ Ordinary € 5 par , value , 57 2 , 000 shares ( 1 5001000 + ( , share Premium Retained C 3 , 200 - 000 issued and oue seanding 2, 860 000 - , Ordinary Earnings Toeal ) Equity + 600 , 000 - 1 , 2 € 2 , 860 , 000 )] 600 , 000 1 768 , 000 , 760 000 , ) 2 € , 023 , 000 6 , 652 , 000 𨚫。 12 1 - 53 ( Problems ) 4 , 800 , 000 . 卡 3 T { i cash Share Capieal - ordinary Share Premium - 2 Ordinar 2 , cash 5, 250 Share Capieal - Share Premium - preference ordinary - Ordinary 800 , 000 000 5 , 000 , 000 250 , Share capieal Share premium , 000 q 20 000 - 000 , Preference land , 360 000 , 560 , 000 , 000 「 1 8 T 号 " T 1 1 cash Share Capieal ordinary S hare Premium 3 600 , 000 Expense Organization 320 , 000 , 1 , 600 - - Share Capital cash 2 Ordinary - S hare premium ordinary - , 000 000 , , 000 200 , 000 ordinary 120 , 000 500 , 000 Share Capital ordinary Share Premium 200 , 000 - - ordinary , 1 cash Share Capieal Share Premium 300 - - Preference Preference . 060 , 000 000 1 , 000 , 000 60, 000 D) ) C 2 " " . (a ) { ; Treasurycash Shaves 45 , 000 45 CasreasuryShares 1 Share Premnum , 000 6 000 , 4 500 , Treasury - 1 , 500 行「 Casreasury 25 , 000 Shaves Share Premoum 22 Treasury 2 - , 500 , 500 6 000 ㄧ 2 cash T Share Preminm , Treasury Treasury - Shares Summary 号[ lmcome Retained 3 , 000 Earnings 9 34 , 000 34, 000 000 , Cb ) " C) " 3 , 1 cash 1 cash 2 T 号 1 120 , 000 share Capieal Ordinar Share Preimum ordinary 30 , 000 - 901000 - 42 , 000 Shaves Treasury 22 Shave Premium Patene Share Capital - Treasury 19 , , 500 500 32 , 000 - Share Premmum ordinary _ odrnary 7 000 , 25, 000 若 TTreasurycash income Shares 6 000 , Summary 㱒 1 Retained ( b) 6 , 00 452 , 000 452 , 000 Earnings " C) " 4 . (a) 卡 1 000 48 Dividends cash 48 Dividends Payable , , 000 号乔 { : Pividends Payable 48 , 000 481 cash 48 , 000 × 5 = 240 , 000 shares , , 00 € 25 ÷ 5 =ε 5 parvalue toooshare 3 24, 厃i × 10%) × t ] ( 240 [ Sharep ividends u n , 168 000 000 , Ordinary Share Dividends Distributable Shave Preminm - ordinary 120 , 000 48 000 , 上 OrdinaryShareDividends Distributable ㄋㄧ { Share capreal Ordinary 120 , 000 - ☆ 240 , 000 + 24, 000 = 264 000 shares , 120 , 000 . 厃{ CashDividends Dividends Payable ( 264 000 ×€ , Income Summary 1 { Reeained Reeained 引 { Earnings Reeained 4) Earnings Cash Divid eds 105 , 600 105 , 600 350 , 000 Earnings 步 { ShareDividends " 0. 350 000 , 168, 000 168, 000 153 600 , 153 600 , Retained 從 CashDividends ) 扣 ShareDividends ( Earnings , 設 RetainedEarnings 有 closrng 1 enery 100 , DividendRevenue 60 , Dividend Revenue 60 60 Reeained Earnings I ncome Summary { Retained Earmng 160 ( 60 ) + 100 1 6o , 做。期中 Ans 1 3 12 ) . 6 ) B A , ( b) Financial Assets at 169 600 , 31 忘寫 . 680 49 , ⑩ 164 , 880 FUTO CI - Eqaiey 52 , 000 33 , 600 Financial Assets at FUTPL Debt 40 , 000 - 邝 cash 郢 I ( 40 , 000 Intevest Receivable 3 , 200 Inerest Revenue Fair vabve Adj ustment 1 Gain on 1 - 2 , 000 FUTPL Finanvial Assets at WTPL 卡个 CrestReceivable 个 3 , 200 2 , 000 3 , 200 3 , 200 32 000 , cash Financial Assets at FUTPL Debt 30 , 000 - Fair Value Adjustmene FVTPL 1 , 500 - Gain on Financial Assetsat FUTPL 500 n TA( Cash Receipes from Customers = ) ch 14 ch 15 , Sales Revenue [ cashn ⑩ ⑦ + Decreasein A/R { Increase - 額) 收現 ( in A /R ② Cash ⑤ lncreasein Inventory Payments Cogs { = ( 款額 ) - Decrease in Inventory 付出 $ 2 Cash 丹 θ + Decreasei np { Increaseinp _ 7 , t lnorease Operating ⑥ ⑧ { Decreasein Prepaid Expenses i Expenses Expenses Operating Payments for = in ( exceiptdepreciation expense ) 1 用付營運費金 ( Accural + Decrease n Expenses PrepaidExpenses ) - 金寸支一 5 1 ncrease in payable l 一一一一一一一一 P14.3 (LO 2) The income statement of Toby Zed NV is presented here. (Ignore income taxes. Toby Zed NV Income Statement For the Year Ended November 30, 2025 Sales revenue Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory Total cost of goods sold Gross profit Operating expenses Net income €7,500,000 €1,900,000 4,400,000 6,300,000 1,400,000 4,900,000 2,600,000 1,150,000 €1,450,000 Additional information: + 1. Accounts receivable increased €200,000 during the year, and inventory decreased €500,000. + 2. Prepaid expenses increased €175,000 during the year. 3. Accounts payable to suppliers of merchandise decreased €340,000 during the year. 4. Accrued expenses payable decreased €105,000 during the year. … 5. Operating expenses include depreciation expense of €85,000. 悉 Instructions Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2025, for Toby Zed, using the indirect method. *P14.4 (LO 4) Data for Toby Zed NV are presented in P14.3. Instructions Prepare the operating activities section of the statement of cash flows using the direct method. 間接法 o $ 1 450 Net Income Adjustments , to reconcile $ in Inventory Aunual Expense 85 ( 200 , , 000 000 ) 500 , 000 Increase in Prepaid Expense ∅ Decrease in Alp { cash ↓ Decrease 000 . . Deprecnatron Expense n cash Increase in AR { ④ Decrease in , ( 175 , 000 ) ( 340 , 000 ) Payable 000 105 , ( ) ( 235 000) , $ 1 215 000 . , 直接法 o (7 Cash Receipes from Customers Less ; Cash Payments 金 Oeratingp Eapenses , ) 5M - ) 2000000 $ 7 3M . . 1 . 345 ) 175 -85 , 00 , 150 , 000 500, 000 + 340 书 4 74 M ∠ 折舊非現 1 - . Supplier to ( ( 4 9M 000 . + , 000 , 000 + 105 000 ) , ( 6 , 085 , 000 $ 1 215 000 . , ) 」 ch 13 13 - 9 2025 ( 30 ×€ 1 , 000 ) Financial Assets at Amortized Cost iS cash 2025 㱒 2026 ÷ p 30 , 000 3 , 000 Interest Receivable { 30 , 000 Iuterest Revenue ( 30 , 000 × 1 %) 3 , 000 14 , 600 cash at Ac Assets Financial Loss on Sale of Financial Assets at Amortized cost ( € 30 , 000 × 55 ) 400 15 , 000 止 Interest 2026 { luterest ㄋㄧ 13 - Receivable Revenue ( € 15 000 × 10% 15 FVTPL ( ASsets ) 92 000 , ↓ FVTPL FVTOCI 1 500 ) 1 , 500 57 500 , 13 , 000 26 , 000 ⑩ 83 , ↑ Losson Financial Assets at FUTPL Fair Value Adjusement Fair Value , FVTOCI ( Equiey ) ⑩ { : , 19 , : 1 Adjusement - - 79 000 , FVTOCI On realized Gain or Loss on Finanoial Assets atFUTOCI - OUI 179 FVTPL 000 , 83 050 , 83 , 500 。。 { 13 - Unrealized Gain or Loss on Financial Assets at FVTOCI - 83 , 500 OCI 83 500 , AOCI 20 d ) at FVTPL Equrey Assets 1 Financia - 8{ 1 , 200 , 000 1 , 200 , 000 cash 37 500 Cash 号 { DividendsRevenue ( 750 , , 000 ×5 %) 37 500 , “ uiey 感 ☆ , 2 , 880 , 000 2, cash 秀{ ∵ Investments ( 60 000 ×40% ×~ T$ 120 ) , 000 o Drvidend cash Equity 880 180 , 000 Investments ( 450 000 40% ) , 180 , 000 × 分錄年底認列 shareofnetlmcome EquityMethod 持有 40% ) 480 ( τ$ 1 EquityInvestments 1 40 % ↑ , i , N , w0 , 000 × Revenue From Equrey Investments , 000 480 , 000 income ∞ Doit 3 I nterest earned " 2 3 0 F/ㄣ on Iuvestments Fair Value Adjustment " - in bonds ㄧㄣ SFP FVTOCI catoglegory non Gain on sale of Financial Assets at FVTOCI . - 5 , bGam on Fmanoral Assets at FUTPL /ㄣ Debe ㄧㄣ . luvestment OCI non 4 operaeng I/N , EXP Unearned 10 ss on Financial Assets at FUTOCI C 1/S . - - I/ N , non operatng Exp . operaemg N I/ - , EXp . ( BE ) 13 30 - 1 . Financial 个 { cash 厃1 85 000 Assets at FUTPL _ , Debt 85 000 , 6 cash , 800 6 800 Dividends Revenue , Interest Revenue A 2 . 郢 Financial cash Assets at FVTPL - Equrey 570 , 000 570 000 , 歩步 3 Loss on Financral Assets at FUTPL Equiey 30 , 000 - { FairValue Adjustment - FUTPL 1 cash 1 Fair Value Adjustment FUTPL Fairvalue Adjustment Financial - FUTPL Ausets at FUTPL - 30 , 000 540 , 30 , 000 000 Equity 570 000 , . (a) - Gainon Financial Assetsat FUTPL 4 , 000 4 000 , ) Statement of Financial Position Currene Assets Financial Assets at FUTPL $ 50 000 , Income Statement Non - operating Income and Expenser GainonFinancialAssetsatFVTPL$ 4 , 000 13 1 - ( PracticeExcercises ) 3| … Financial Assets at Amortized Cost cash { 卡 2025 2025 㱒 2026 1 { ÷ Interese Receivable 700 000 , 700 000 , ( NT$ 1700 , 000 × 6 % 14 2000 , 42 , 000 Interest Revenue cash Interest Receivable 42 , 000 42 , 000 广斤「 42 NT $ 2026 2026 ÷ 700 000 Los 3 1 × on 0 = 420 , 000 29 , 000 ) - 号 000 , Amortized Cost 391 cash at AC 29 Assets Financial of sale Losson Finanoral Assets at Financial Assets at FUTPL Eqwity Cash cash Dividends Revenue , , 29 000 , 29 000 , 000 000 420 AC - 卡 { 391 ri nancial Assets at Amortized Cost Fair Value Adjustment 1 2 , - , 6 000 , 6 000 , 600 600 000 、厂 $ 6 000 × 600300 , + 1 , 200 : $ 3 000 Fair Value Adjustment Gan on ) $ 4 200 , , - sale of FUTPL Financial Assets 9 1 - 1 { 1 , 200 4 200 - FVTPL 1 Finanoral Assets at FUTPL 300 200 at FUTPL Fair Value Adjustment - , Equrey cash 600 只 FVTPL = - Equiey 30 oshares Cash ( 300×$ 11 Dividends Revenue 300 300 3 200 . , 000 3 cose . Trading ( UT PL ) € = Fair Value + 5000 , - Non - Trading ài FUTPL Fair Value Adjustment on Financial Assets at FUTPL Gain - { 4 , 000 100 , 000 ( FUTOCI ) i Unrealized Gainor Loss Assets at FVTOCI - on Financial OCI Fair Value Adjustment - E 125 ) 120 , 000 FVTOCI , 000 96 000 , , 5 , 000 5 000 , 4 000 , 4 000 , (b) Position Financral Statement of Current Assets Financral Assets at FVTPL t 125 , 000 Investment Financial Assets at EVTOCI Equity AOCI 96 , 000 4 000 , Indome Statement Non - Operating Income and Expenses Gain on Finanoial Assets at FUTPL € 5 , 000 Statement Income Comprehensive Other comprehensive Income Unrealized Loss on Financial Assets at FUTOCI € 4 000 , 13 33 - (a) ( Practice Problem ) csaubug ) Financial ㄚ cash ( Cey plo) 24 5 ×€ 600 ( ) . Assets at FVTPL - 14 , 700 Equrey 14 , 700 ( g 0 oxt 33 . 75) at FUTPL Equity | Assets Financia - 乓 { cash 号 { cidend Revenue € 14 700 , × 600200 + 350 =€ 4 , 900 27 000 , 27 , 800 800 ) 200 ×ε 26 25 =ε 5 250 . , 000 FairValueAdjustment 号 { Gain Y - FVTPL on Financial Assets at FVTPL 350 - Fair value Adj ustment 600 - 200 = cash 350 15250 cash 个 Financial Equ - FVTPL Assets at FVTPL - Equity 400 shares 管 { Dividend Revenue 200 200 350 4 900 . 一二长一 ( b) arnG Fair Value cost Investment — 14 , 700 × 40 SamburgShares cey shares roeal ㄧ 2 ㄋ i 600 = € 9 , 800 Unrealized Loss 400 ×ε 25 = € 200 € 10 , 000 (ε 3 800 × E 30 € 27 000 € 24 , € 36 800 € , 34 Fair Value Adjustment 000 ) 000 , , o (€ 000 Loss on Financial Assets at FVTPL - , FUTPL 2 , 2 , 800 ) 800 2 , 800 。 13 - ( Problems 38 ) " a 2025 Jan , { Financial Assets at Amoritized Cose 2 000 , Dec . 2028 Jan cash 000 i Interest Receivable 9 Cash , 000 × 140 , 000 , 000 140 , 000 140, 000 + 50 , 000 , 000 140 , 000 Iuterest Receivable 000 , 000 , 7 %) Interese Revenue HK $ 1 000 2 ( 2, W 25 , ) HK$ 11000 , 000 × 1 05= HK$ 1 , 050 , 000 . 。 2028 Jan 2028 Dec . i { Cash 1 , 050 , 000 Financial Assets at AC Gain on Sale of 1 . 0 00000 1 Financial Assets at AC 50 000 , IntereseReceivable ( 2000 000 , × 吃 ×7% ) 70 , 000 70 Intevest Revenue , 000 Statement of Financial Position (b ) Invesement HK $ 2 at Assets Amoritized Cost Financial , 000 , 000 Current Assees Iuterest Receivable HK $ 140, 000 行。 2 d . Financial Assets at FVTPL - 笀 i cash 32 400 Equry , 32 400 , Financial Assets at FVTPL - Equity 20 400 , 201400 cash Assets at FVTPL Finanvial - 丢个 cash 界 Debt 50 , 000 360 cash { Dividends 32 400 × , 6000 501000 Revenue + : 10 , 800 360 ×E 0 6 600 ) ( . 600 S 200× t 57 = 11 , 400 一片兵 % Fair value { Adjustment - FVTPL 600 Gain on Finanoial Assets at FUTPL { Caancim 11 , 400 AssetsatFTPL Fair value Adjustment { CvidendsRevenue - 10 , 800 600 FUTPL 800 800 1 , 750 — 3 5 pcash % , Revenue ~ 1 , 000 , 1 . 750 3 500 Ineerest Receivable € 50 , 000 600 , ( 50 , 000 × 7 % × 立 ) ε 49 , 000 losson Financiad Assets at FUTPL Debt % [ Fair Value Adjustment 0 i 早 - FUTPL , Value Financial Adjustment - FUTPL Assets at FUTPL Frnancial Assets at FUTPL Debt 丢 101 50, 000 - / 2 ㄅㄧ号 Bal . 1 , 000 50, 000 Debt Financial Assets at FUTP ← Equrey - 50 , 000 1 , 000 49 000 cash Fair 1 , 000 - 32 , 400 20 400 , 0 步 Bal 42 000 . , 811 10 , 800 一 , + 400 400 € 32 400 ㄨ 600 =€21 , 600 , - € 20 , 400 { ( C) Gain on > 400 ×€ 55 =2 , 000 1200 ) - 8 oo 800 ×= 24 =ε 19 , 200 Financial Assets at FVTPL - 800 Equrey -FUTPL value Adjusemene Farir 800 Current Assets Equrty ε 42 , 000 FairValue Adjusement FUTPL 8001 ) Financial Less : Assets at FVTPL - - € 41 , 2w 0 cd ) Income Seatemene Accoune Dividend Revenue Gain Financial Assets at FUTPL on Interese Revenue LossonFinancial Assetsat FUTPL 3 , otherlnome and Expenses , ca ) 8 个 cash { Dividend Revenue 2000 € 45 , 000 ㄨ - =ε 18 000 , 5000 - 2 , 1 . 400 000 ) 2000× E 1 . 400 8 =ε 16 000 , q 9 , q 91, i Unrealized Gain or Loss on Financial Assets at FVTOCI Fair Value 1 cash { AOCI 9 Reeained - 2 000 , OCI 2 , 000 Adjustmene FVTOCI - 16 , 000 Fair Value AdJusemene - FVTOCI 2 , 000 Finanoial Assets at FVTOOI Equrey - 2, 000 Unrealized Gain or loss on Financial Assets at FUTOCI AOCI 18 , 000 Earnings 2 000 , - OCI 2 , 000 2 , 000 十 800 € 600000 × 2000 - ,l 华 10 T 1 = 2 , 400 € 24 , 000 Fair value Adj ustmene - ) 800 ×≤ 33 =ε 26 , 400 FVTOCI Unrealized Gain or Loss Assets at FVTOCI - on 2 , Finanvial , 400 26 400 i i Onrealized Garn or Loss on Financial , Financial Assets at FUTOCI Equity - 24, 000 Fair Value Adjustment FUTOCI 2 - AOCI 2 OUI cash Assets at FVTOLI 400 - OCI 2 , , 400 400 2 , 400 早 { AoainedEarnings 2 , 400 2400 , 丫 { Casidend Revenue 1 , 500 災品 { dend 840 Revenue 步 i Casidend Revenve 1 , 500 840 3 , 000 3 000 , 。。 Assets at FVTOUI Fiuancial 2025 个B 1 号 . 135 . 000 - Eqarty 180000 早 241000 202 5 号 Bal , . E6 0 , 000 × 器 =€ 36 € 45 000 × 30 , 000 =€ 27 , 000 € 30, 000 3 , + 2, 400 ) - - - 93 000 , 3 , 000 600 3 , 1200 ×€ 000 ) 3000 ) 1500 × t 18 = x 32 =ε 38 . 400 = 8 =€ 24 , 000 E 27 000 , 一 2025 ㄧ 2 ㄋㄧ i 2025 㱒 Unrealized Garnor Loss on Financial Assets at FUTOCI - OCI Fair Value Adjusemene 1 - 3 , 600 3 , 600 FUTOCI AOCI 了 600 , Unrealized Gain or Loss on Financial Assets at FUTOCI - 3 600 , OCI ㄍ) Investmenes Finanoial Less : Assets at FUTOCI - Fair Value Adjustment Equity - ε 93 , 000 ( 3 , 600 ) FVTOCI € 89 400 , 「 Equrty Share Capieal Retained AOCI - ordinary 1 , 500 , 000 1 , 000 , Earnings ③ Toeal Equrey 4 € € 2 , , 000 600 ) 496 400 , . 1 i , Financial Assets at FUTPL cash - Equiey800 , 000 800 000 , 一都 idendRevenue 13 CidendRevenue 都 13 , 13 , 500 , 500 13 , 500 q15 gcash 13 2 cash 13 15 500 , 500 13 , 500 DividendRevenue { Dividend Revenue , 500 13 , 500 € 800 , 000 㱒 { { + 280 , 000 > 45 , 000 × t 24 =ε 1 080 , 000 Fair Value Adjusemene 280 Gain on Financial Assets at FVTPL Esqlhvesemere 部 ty 个vity 5 . , , 000 280 000 , 800 000 , 800 000 , 13 , 500 Invesements 13 , 500 13 , 500 Investments 13 , 500 「考 12 5 13 cash , 500 13 , 500 Investments Equrey 13 lash 1 Equrey Equity , 500 13 , 500 Invesements lnvesements 1 { Revenue from Equrty Invesements 96 , 000 96 , 000 竹 工。一幽 14 46 - cash problems 2025 1 - 2024 " tshares Dividends . (a ) Retrined Earnings Begin of year Add : Net Income ( plug ) € 250 , 000 ⑩+ , 723200 , Less Cash Dividends Share Dividends 16 ; Retained Earwangs End of year 1 ) € , , 000 200 300 二 b) Cash inflow from the issue of ordinary shaves € 155 000 - , 2025 Share - 130 000 , 2024 - - 11 130 , 000 13 2w 0 ⑩* , 155 , 000 ( c) A1 l → Finanoing 200 =ε 13 800 * , issued share dividends Capieatordinary 11 , , cash Dividends 16 , 000 米 3 TOBY , o indivece ZED NV pareial statement of Cash Flows For the Year Ended November 30 2025 , Cash flows from operating activities ε 1 450 000 Net Income , Adjustments to reconcile net lncome to net cash provided by operating activities : Depreciation Expense Increase in A /R Decrease in inventory Increase in Prepaid Expense € 85 , 000 (200 000 ) , 500 , 000 ( 175 , 000 ) , Decrease in A/ P ( 340 , Decrease in Accrued Eap Payable ( 105 , . Net cash provided operating aceivieies by 000 ) 000 ) ( 235 , 000) 1 , 215 三 , 000 4 d o irece TOBYZEDNV . Pareial statemene of Cash Flows w25 30 November Ended Year , the For Cash flows from operating activities 凯 Cash receipefromcustomers Less cash payments : Net cash provided by operating Compueations : activities 300 , 000 ) € 4 , 7401000 To suppliers For operaeing expenses , ③/ 1 , 345 , 6 085 000 , 000 , E 1 , 215 00 , 、 1) cash receipesfrom customers sales € 7 Deduce 200 , 000 Increase in A/ R : cash receipes from customers ( 2) 000 500 , , 7 3000 € , Cash payments to suppliers cost of goods sold t 4 , 900 , 000 Deduct Decreasein Inventory 500 000 : cost of purchases Add Decrease in : Cash payments , 4 Alp to suppliers , 400 000 , 340 000 , 4 740 三 , 000 一 3) cash for operating expenses pay Operaeing expenses exclusive ments ε , of depreciation Add Increase : in prepaid expenses , 065 , 000 € 175 000 Decrease in accrued expenses payable Cash 1 paymenes foroperating expenses , 105 , 000 280 000 , € 1 , 345 , 000 5 indive @ , RATTIGAN PLC Pareial statement of Cash Flows 1 2025 December 3 Ended Year the For , Cash flows from operating activities € 266 000 Income before income taxes Adjustments to , reconcile income before in come taxes to net cash provided by 0 perating activities : xpen se Depreciation Losson disposal of plantassets € 55 000 , 25 , 000 Increase in A / R ( 15 , 000 ) Increase in A / P 14 , 000 Cash generated from operations 79 000 , 345 , 000 6 13 , 000 Incometaxexpense 去年今年 , - operating ( 34 , 000 ) Income tax payable activities € 311 , 000 o direce . RATTIGAN PLC pareial Statemene of Cash Flows For the Year Ended December 31 2025 , Cash flows from operating activities C less cash payments For operating (2 ) E 610 , 000 expenses For income taxes Net cash rovip ded ) € 955 , 000 Cash receiptmentfrom customers 一一 Income taxes paid Net cash provided by 000 - * 40 , 000 + 7 by operating activities 34 , 644 000 000 , 311000 € ) Cash receipts from customers € 970 , 000 Service Revenue Deduce 15 , 000 Increase in A / R : cash receipes fromcustomers v ) cash pa ments for (2 Operating € 955 000 , … operating expenses € expenses edDace lncreasein A/ P payments for operating expenses VCash paymentsforincometaxes (3 , 1000 4, : Cash 624 000 € 610 , 00 — € 40 , 000 Income tax expense Deduct : 1 ucrease in Income taxes payable 6 , 000 34 000 三 , 7 . o indivece (a ) RAJESH LTD . statement of Cash Flows For the Year Ended December 31 2025 , Cash flows from operating activities € 40 000 Income before income taxes Adjust ments to reconcile Income before income taxes to net cash operatrng activieres provided by : Depreciatvon expense Interest xpensee Increase in A / R increasein , inventory Increasein A / p ε 13 , 300 3 , 000 ( 19 , 000 ) ( 10 , 000 ) 14 , 000 1 , 300 cash 41 300 from operations generated . Ineerest paid ( 3 , 000 ) Income taxes paid ( 9 , 000 Net cash provided Cashflowsfrom Sale by operating activities investing Issurance of financing , ⑩ 9 , aceivities ordinarys hares Redemptron of bonds ⑩ 29 activities of equipmene Cash flows from ) 4 000 , ( 6 , 000 ) ( 20 , 000 ) ayments ofdividends Net cash used by finanoing activities o ( 22 , 000 17 Net increase in cash Cash at beginning of period FCF =ε 29 . 300 - εO 000 20 , 000 Cash at end of period ( b) , 000 37 三 , - ε 20 , 000 = € q 30 —* , 里 8 direce o . RAJESH LTD . State ment of Cash Flows For the YearEndedDecember 31 , 2025 Cash flows from operating aceivities Cash receipes from cutomer less cash paymene To suppliers For 0 perating 223 , 000 )€ 171 , 000 expenses For Inoome taxes 3) 4) 10 , 700 9 000 For Iuterest Wet cash provided by operating , 3 , 000 193 700 aceivities ⑩ , 29 Cash flows from investing ac Sale of . ⑩ equipment Cash flows from Issurance of 9 finanong ordinary ac . 4 000 shares , Redemption of bonds ment of dividends pay Net cash used by finanomg ac Nee lncrease in net cash Cash at of period beginning cash at end of period , ( 6 , 000 ) ( 20 000) , . 0 ( 22 , 17 20 , , 000 000 00 37 号 , d) CRfrom nstomers € 242 , 000 Sales Revenue Deduce Increase in : A/ R CR from customers C) cp to 19 , 000 223 , 000 三 suppliers cogs € 175 , 000 Add Increase in Inventory 101000 of purchases 185 , 000 Deduct Increase in A/ p 14, 000 : cost : CPtosuppliers 1 € 一 ③) (p for operaerng expenses Operaeing expenses Deduce : € ( 4) cp 13 , 300 Depreciation expense ε cpfor operating expenses 24, 000 10 , 700 拨 for Income eaxes € Income tax expense Add Decrease in Incometaxes : Cp for Income eaxes 8 , 000 1 , 000 payable ε 9 000 , 一二 O ch 15 公式 Ratio Liquidity CurrentRatio 1 Currene Assets Current Liabilities Casht short term Iuvestmentst ( Receivables - Acid - Test Ratio = ) Carrent LTabilities vReceivables Turnover = Net Credit Sales →賒帳 Average v Inventory Turnover = A/ k cogs Average Imentory 收入 profit Margin profitability 1 Asset Turnover Reeurn on Ʃ Nee Income Net sales = Net sales AverageTotal Assets Assets ( ROA) Nee lncome : Average Total Assets v Reeurnon Eurey ( ROE ) v Earnings payout Net lucome = Average perShares ( EPS) Ratio shareholdes ' (Net Income Preference Dividend3) - = Weigheed Average common Shares Dutstanding Cash Dividends peclared = Equrey Net Income L l - solvency Price Debt to - Earnings Toeal Assets Times Interest Earned Katio = Market Price per shares EPS Total Lrabilities = = Total As esse Income before Income Taxs and Interest InterestExpense HorizontalAnalysis 平分析分析數值變動百分比 : Vertical Analysis 垂直分析 : 分析各項项占總額的比例 Income Statemene Peesales Statement of Financial 目水 v o Position Toeal Assets ROBERTSON INC . Pareial Statement of Cash Flows For the YearEnded December 31 , 2024 rom Opevating aceivities Cash fows $ 228000 Income before income tax Adjustment to reconcile income before in come tax to nee cash Depreciation expense inventory ④ increaseinaccruedexpenses payable Decrease in ⑧ Increase 1 in prepaid expenses Decrease in accounts payable Increase in accounts receivable $ 29 000 , 19 , 000 10 , 000 { 00 ( 5 , 000 ) { Dc ( 7 , 000 ) ( 6 , 000) 40 , 000 Cash generated from operations 268 , 000 Deduce ( 25 , 000) : Income taxes paid Net cash provided by operating activities 000 43 $ 三 , POPLER COMPNYA Statement of Cash Flows 31 December Euded Year Forthe Cash flows from operating , 2024 activities Cash receipes from customers Cash payments $438, 000 : $ 250 , 000 To suppliers For 49 000 , expenses operating For income taxes For in terest 18 Net cash provided by Cash flows from investing 15 operating , , 000 000 , 106 , 000 activities activities Purchase of invesements 332 000 ( 15 , 000 ) 生 Purchase of plane assees ( 90 , 000 ) Sale of plane assees Net cash used Cash flows from Paymene of in crease in ordinary shares provided by cash ae , 45 , 000 ( 20 , 000) finanving activities cash Cash at beginning of period end of period 25 , 000 36, 000 35 000 , ” 0001 , Note Xx Non - cash ) ( 95 000 activities cash dividends Nee cash Net by investing activities finanoing Issurance of 101000 and fmanoing activitres investing Conversion of bonds payable in to ordinary shaves 300000

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